It is critical to build markets where producers can access affordable hedges against price volatility, and where other participants will affirmatively “buy the dip” in order to manage supply-related price declines and keep critical producers investing in capacity.
A “Strategic Resilience Reserve” (SRR) could follow the model of the Federal Reserve’s efforts to address financial stability risk: aiming to prevent crises, and reducing harm when they occur.
Introduction Oil markets have always been a geopolitical concern. Widening crack spreads (reflecting a tighter market) suggest that the emphasis today may be on the “geo,” rather than...
Introduction The Biden Administration has successfully executed a forward contract acquisition for the Strategic Petroleum Reserve. We’re extremely pleased to see the Department of Energy (DOE) successfully...
"This year it will be difficult for us to take advantage of this low price…But we will continue to look for that low price into the...
