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Ann: Quarterly Activities Report and Appendix 5B Sep 2023, page-57

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Hawk70

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28/10/23

17:02

Post #: 70593933
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Originally posted by DrowningNotWaving: ↑

I suspect you may be mis-interpreting the USA's Strategic Oil Reserve with the proven reserves of O&G companies. Athena SOR is a US govt store of oil generally used as a buffer in times of high-ish prices but it's primary purpose is to ensure that in the case of an extreme supply disruption (think 1970ms Arab Oil Embargo), that there are sufficient supplies available for a limited period to try and stop the economy grinding to a halt.

Attached are the current hydrocarbon "proven reserves" of the USA up until 2020. It's unlikely they have declined significantly between then and now.

my 2 cents, ymmv, dyor

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Thanks for the info, I apperciate the clarification.

TMT Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
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Ann: Quarterly Activities Report and Appendix 5B Sep 2023, page-57

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