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Automated wikipeda page is funny: At recent market prices ($-37 a barrel as of April 2020),[5] the SPR holds over $-9.26 billion in sweet crude and approximate
by xiphias2 7y ago
Automated wikipeda page is funny:
At recent market prices ($-37 a barrel as of April 2020),[5] the SPR holds over $-9.26 billion in sweet crude and approximately $-20.4 billion in sour crude (assuming a $15/barrel discount for sulfur content).
This would be only true if the cost of storing would be free.