Tag Archives: Strategic Petroleum Reserve

WSJ Misses the Mark on Oil Markets and the SPR

Posted on August 1, 2011 by Steve Maley

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”

Posted on June 29, 2011 by Steve Maley

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?

Posted on June 26, 2011 by Steve Maley

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 →

Posted in Economy, Energy | Tagged , , , , , , | 3 Comments