Subject: SPR UPDATE 2
From: [email-masked]
To: [email-masked], [email-masked], [email-masked], [email-masked]
Cc: [email-masked], [email-masked], [email-masked]
Date: Tue, 13 Nov 2001 08:54:30 -0800 (PST)

Just got off the phone with the guy from the SPR again....

The royalty rate on most of the oil which they will be accpeting will be 16.7%, on the other smaller portion the rate is 12.5%, when I pushed him a little further, he let it slip that all of the oil would be coming from the Outer Continental Shelf.