Reducing the size of the Strategic Petroleum Reserve

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 … More Reducing the size of the Strategic Petroleum Reserve

Should the federal government use the SPR to counter speculators?

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” … More Should the federal government use the SPR to counter speculators?