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Page added on June 25, 2011

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US, Other Countries Battle OPEC With Release From Oil Reserves

US, Other Countries Battle OPEC With Release From Oil Reserves thumbnail

While Robert continues his trip to Europe and across the Continental U.S., a significant piece of news has been dominating the headlines. Although we’ve been closely monitoring the release of 60 million barrels of crude on our Energy Ticker page, we also wanted to generate some discussion on the topic, here, on the R-Squared Energy Blog.

Robert has, in the past, covered the topic of using the Strategic Petroleum Reserve as a weapon to control prices. In one article, he argued against politicians who were calling for a release, titling the essay: “Speculator’s Political Reserve?“. Robert also observed the Jekyll & Hyde phenomenon in “Contradicting Goals: Cheap Gas and Lower Carbon Emissions“. The topic was also covered in his “Debunking Five Myths about Gas Prices” essay.

To kick things off, here’s a quick bullet-point roundup of facts and analysis:

There certainly are more angles to this story than the above links covered, so feel free to add your own thoughts or links in the comments. We may edit the above list to include new information or interesting thoughts and links posted in the comments.

R Squared Blog



One Comment on "US, Other Countries Battle OPEC With Release From Oil Reserves"

  1. Bob Owens on Sat, 25th Jun 2011 12:10 pm 

    The SPR should only be used for an EMERGENCY! Something like: “Hurricane destroys New York City” or “We need to get the harvest in”. Everyone has plenty of gas; they are just paying a little more. Look around. Wake up America! Stop being stupid.

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