Tag Archives: SPR

WSJ Misses the Mark on Oil Markets and the SPR

An article by Sarah Kent in Monday’s Wall Street Journal, “Traders Eye Oil Tanker Play”, (full text requires subscription*) purports to explain current action in the oil market, as 30 million barrels of crude oil are due to be released … Continue reading

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Strategic Petroleum Reserve to be Renamed “The Hope and Change Re-Election PAC”

You heard it here first. The International Energy Agency, a body whose membership parallels the G-20 and which is dominated by members of the EU, announced that it may consider releasing more oil from “its stockpile” (1.6 billion barrels, nearly … Continue reading

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Why Did Obama Open the Strategic Petroleum Reserve?

On Thursday, the Department of Energy announced a release of thirty million barrels of crude oil from the Strategic Petroleum Reserve, the nation’s stockpile supposedly set aside for emergency supply disruptions. Washington, DC – U.S. Energy Secretary Steven Chu announced … Continue reading

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