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US Strategic Petroleum Reserve (SPR)

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U.S. Energy Security and the Next Energy Crisis

July 16, 2012 by John Miller
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Lightspring/Shutterstock

Military activity has increased in the Persian Gulf. If the situation gets out of control parts of the U.S. face an energy crisis worse than the 1970’s. It’s time for the U.S. to implement a comprehensive and effective energy policy to transition the country from high risk oil imports to more secure and cleaner sources of energy.[read more]

Hedging the Risks of Selling Oil from the Strategic Petroleum Reserve

June 3, 2011 by Geoffrey Styles

I see that the administration has asked Congress to approve a non-emergency sale of oil from the US Strategic Petroleum Reserve (SPR), in order to allow a storage cavern to be repaired before it starts to leak. That's fine, as far as it goes, though the article I read suggested this would be done as a net sale into the market, rather...[read more]