Strategic Petroleum Reserve

Reducing the Size of the Strategic Petroleum Reserve

6 Comments / Energy markets, Politics / By

Michael Giberson Yesterday’s Wall Street Journal carried an essay by Austan Goolsbee in which he advocates reducing the size of the Strategic Petroleum Reserve. Even better, he suggests a rule by which the SPR could be managed in a transparent fashion: aim to be able to replace 90 days worth of imports from non-North American …

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Should the Federal Government Use the Spr to Counter Speculators?

3 Comments / Energy markets, Politics, Regulation, Uncategorized / By

Michael Giberson At Rigzone: Governments should consider their strategic petroleum reserves a part of their arsenal to limit speculation in the oil market, according to a report issued Thursday by Rice University’s James A. Baker Institute for Public Policy. If the policy is to sell SPR oil into the market when prices get “too high” …

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