Bullish oil market could complicate Biden's oil reserve refill plan

Our Skanda Amarnath was mentioned in The Washington Examiner by Jeremy Beaman.

“It’s always in everyone’s political interest to just kind of let oil prices fall as much as possible on some short-term sense. But if you care about the long-term stability and stuff, that’s why you do this,” Skanda Amarnath, executive director at economics research outfit Employ America, told the Washington Examiner of DOE’s new solicitation. “Supporting prices has got an important benefit for keeping prices stable over the long term, avoiding spikes, giving industry a little more confidence about investment,” added Amarnath, who was integral to the development of the DOE’s repurchase strategy.