MacroVoices #385 Dr. Anas Alhajji: 2024 Energy Markets Outlook & More
Macro Voices
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The Role of Light Sweet Crude in the SPR
Sally Kohn: I'm a little concerned by your statement that the rules require refilling the SPR with American made oil and that blending is not allowed. The revolution came in in 2010 and added literally 8 million barrels a day of sweet crude. So why I need sweet crude if I am producing more than what Saudi's export in one day? We need the medium and the heavy to blend with the light that we can get from US producers. Technically, when you are storing oil for years, you cannot have a blend. It's a technical issue. It's not a political decision.
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