The reserve held 346.8 million barrels of oil as of the week ending July 7 according to federal data. Officials have also announced plans to acquire another six million by August.Īlthough important symbolically, those 12.3 million barrels represents just a drop in the bucket. So far, the Energy Department has purchased 6.3 million barrels of oil for the SPR. The Biden administration has already begun what will be a years-long process of replenishing the reserve. “We have, by far, enough to be able to deal with any emergencies over the next couple of years.” “We still have the largest strategic petroleum reserve in the world,” Granholm said. US officials insist the SPR contains more than enough oil to respond to future shocks. It’s possible President Biden might even resort to more releases due to political panic about high pump prices.” “I forecast oil prices headed higher this decade and, if that’s right, then SPR refilling will largely stop. “I wouldn’t bet the farm on either,” added McNally, who is currently president of consulting firm Rapidan Energy Group. Bush, said “draining the SPR was a mistake that will take many years to correct.”Ī complete refill will require oil prices staying low and Congressional legislation to pay for the purchases, he noted. Still the world’s largest emergency stockpileīob McNally, who served as an energy adviser to former President George W. Fourth of July gas prices took an almost unprecedented plunge on an annual basis.īeyond the emergency sales, the SPR has been shrunk by Congressionally-mandated sales required as part of previous budget deals. After spiking to a record high of $5.02 a gallon last June, the national average price for regular gasoline is down by $1.48, according to AAA. The addon is included for free in the base game.Biden has aggressively drained the SPR, launching unprecedented emergency sales to combat high inflation and shield Americans from gas price surges after Russia invaded Ukraine.Īnalysts say those moves have indeed helped mitigate the impact on consumers. Each investor possesses a unique ability that opens up more ways to win. Module 4: More Investors - Stockpile: Continuing Corruption adds six new investors from around the world who have heard about massive profits being made, and they want in on the action. Collect different types of commodities and dodge taxes to earn substantial end-game bonuses. Each round, players add Commodities or Taxes to the stockpiles. Module 3: Commodities & Taxes - Commodities & Taxes create much more tension during the game. Be careful not to overspend or you might lose out on valuable stockpiles. The original money used to purchase bonds cannot be recovered until the end of the game. Purchasing bonds can provide a steady stream of interest payments every round. Module 2: Bonds - Bond present a new, safe investment option for players. The dice cause the market to rise or fall on any given turn and ensures that no two games will ever be the same. Roll the dice at the beginning of the round. Module 1: Forecast Dice - Six custom dice offer more excitement by changing the market forecast round-to-round. The first expansion for Stockpile contains four expansion modules that can be played separately or used all together for more strategic game play. Will you be able to navigate the movements of the stock market with certainty? Or will your investments go under from poor predictions? In the end, everyone knows something about the stock market, so it all comes down to strategy execution. Do you hold onto a stock in hopes of catching a lucrative stock split or do you sell now to avoid the potential company bankruptcy? Can you hold onto your stock until the end of the game to become the majority shareholder, or do you need the liquidity now for future bidding? Do you risk it all by investing heavily into one company, or do you mitigate your risk by diversifying your portfolio? In the game, this philosophy manifests in two ways: insider information and the stockpile.īoth of these mechanisms are combined with some stock market elements to make players consider multiple factors when selling a stock. Stockpile centers on the idea that nobody knows everything about the stock market, but everyone does know something. In Stockpile, players act as stock market investors at the end of the 20th century hoping to strike it rich, and the investor with the most money at the end of the game is the winner. Stockpile is an economic board game that combines the traditional stockholding strategy of buy low, sell high with several additional mechanisms to create a fast-paced, engaging and interactive experience. About the game - Stockpile is an economic board game that combines the traditional stockholding strategy of buy low, sell high with several additional mechanisms to.
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