Petroleum reserve — the key word is `strategic’
One day after the OPEC meeting ended in discord, there’s talk that President Obama and some members of Congress are looking at releasing oil from the Strategic Petroleum Reserve. According to the...
View ArticleA few more thoughts on Strategic Petroleum Reserve releases
In today’s Chronicle column and in this earlier post, I discussed the Obama administration’s decision to release oil from the Strategic Petroleum Reserve. Since then, I’ve heard from a few other oil...
View ArticlePetroleum reserve releases weren’t very strategic
Well, that didn’t take long. Last week’s announcement by the Obama administration and the governments of other oil-consuming countries that they would release about 60 million barrels from oil...
View Article`Strategic’ oil release plays into traders’ hands
What was the message the government was trying to send to speculators? Or for that matter the market in general?
View ArticleMaybe we should rename it the `Political Petroleum Reserve’
Obama wouldn't be the first president to tap the reserve to offset what amounts to rather routine price fluctuations, but in the past, such moves have had mixed results.
View ArticleIsaac’s landfall latest rationale for possible release from petroleum reserves
Even as fears of Hurricane Isaac's impact on energy production ease, the administration is ramping up talk of tapping petroleum reserves.
View Article
