whether there has been a major disruption in the oil flow. so far there has not been. peter barnes with the top story at the bottom of the hour live from washington. peter, how much oil are we actually talking about here. >> well, shepard, the spr actually consists of 62 natural water tight calf cav veterans along the cufl coast they hold 127 billion barrels of oil. since we import 10 million barrels of oil in this country, the reserve oil would replace about 70 days of imimportance. it has been tapped 17 times since it was created after the arab oil embargo in the early 1970s, shep. >> shepard: of course, if they did it, would it work. >> well, it's worked in the past. spr sale announced after hurricane katrina in 2005 dropped prices nearly 4% in one day. a sale announced in the first gulf war in 1991 pushed prices down 33% in a day. >> if you had the petroleum reserve and you could release it
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