Today, the Department of Energy (DOE) announced [https://www.energy.gov/articles/doe-announces-repurchase-oil-strategic-petroleum-reserve] that it will conduct a “pilot” acquisition of three million barrels of crude oil using the SPR’s new authority to engage in fixed-price contracts. It’s a good...
Energy price volatility, which may be with us for quite some time as we pursue decarbonization, is one of our nation’s greatest macroeconomic threats.
Since the White House’s historic commitment on October 18th to repurchase crude oil “when the price of West Texas Intermediate (WTI) crude oil is at or below...
This is the fourth piece in the Contingent Supply series, which looks at the operational requirements, financial needs, and economic opportunities involved in using the SPR to stabilize oil markets.
As the Biden Administration considers actions to lower oil prices (particularly in wake of the recent OPEC+ production cut), it can and should make every effort to boost domestic oil production.
