Status And Outlook of the Strategic Petroleum Reserve Hearing Before the Commi
Status And Outlook of the Strategic Petroleum Reserve Hearing Before the Commi
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To quickly assess the difficulty of the text, read a short excerpt:
The payments down below essentially trace the flow of bonds which would be the oil payment 5 years hence with the $13. 50 floor going to the financial intermediary from the De- partment of Energy. Senator Bradley. And that payment isn't made for 5 years. Mr. Levinson. No payment is made until 5 years from now. Five years from the commencement of this program that amount would become due and payable. Senator Bradley. But the oil starts to flow immediately. Mr. Levinson. The oil flows immediately.... The objective here is to get oil into the reserve as rapidly as possible. The interest payments could be made each 6 months, in which case a budgetary outlay would be necessary, or the interest could be deferred as well and paid entirely at maturity along with the principal Senator Bradley. And the interest rate? Mr. Levinson. The interest rate in this example would be 50 basis points below the rate that the U. S. Treasury currently gets on a similar duration borrowing. Senator Bradley. And you get that interest rate reduction be- cause you are guaranteeing a floor?
What to read after Status And Outlook of the Strategic Petroleum Reserve Hearing Before the Commi?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Ener to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The payments down below essentially trace the flow of bonds which would be the oil payment 5 years hence with the $13. 50 floor going to the financial intermediary from the De- partment of Energy. Senator Bradley. And that payment isn't made for 5 years. Mr. Levinson. No payment is made until 5 years from now. Five years from the commencement of this program that amount would become due and payable. Senator Bradley. But the oil starts to flow immediately. Mr. Levinson. The oil flows immediately.... The objective here is to get oil into the reserve as rapidly as possible. The interest payments could be made each 6 months, in which case a budgetary outlay would be necessary, or the interest could be deferred as well and paid entirely at maturity along with the principal Senator Bradley. And the interest rate? Mr. Levinson. The interest rate in this example would be 50 basis points below the rate that the U. S. Treasury currently gets on a similar duration borrowing. Senator Bradley. And you get that interest rate reduction be- cause you are guaranteeing a floor?
What to read after Status And Outlook of the Strategic Petroleum Reserve Hearing Before the Commi?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Senate Committee On Ener to read onlineMoreLess
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