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Your comment on SPR is not accurate.

Submitted March 6, 2004 - 5:33 am by Peter Carlin
The United States is NOT building its SPR, it is TRYING, very unsuccessfully, to build it. This is one of the primary reasons for OPEC limiting the upper end of its production ability. Huge SPR reserves gives America an increased ability to manipulate crude prices. Witness the effects of Clinton's release on prices.
DOE/EIA statistics show US oil inventories at very low levels, and getting lower. Last weeks miniscule 2 million b/d build in crude stocks must be measured against historically low reserves since the SPR began.
What is not known, is weather nations like India and China may be building similar reserve structures, causing an enormous pressure on demand. As of now it is speculation, but on Friday oil prices registered higher prices than they did on the eve of Gulf War II, to give you some scope of where prices are.
An SPR build right now would be an expensive endeavour for the US, with $37 bbl crude and world freight rates at an all-time high.

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