How the Strategic Petroleum Reserve Affects Gas Prices
What happened to gasoline prices the last time Obama invoked a coordinated release of the Strategic Petroleum Reserve? Before Obama announces the SPR release, the… Read More
Releasing Oil from SPR Still Not a Good Idea
Reuters reported that President Obama and Prime Minister David Cameron discussed jointly releasing oil from emergency reserves. Although the White House denied the report, releasing… Read More
Misguided: Tapping the SPR Just to Do “Something” About High Gas Prices
Democrats are urging President Obama to tap the Strategic Petroleum Reserve (SPR) to avert “potential danger to the economy” and improve “the [P]resident’s reelection chances,”… Read More
Jones Act Oil Waiver Symptom of Regulatory Overload
The Obama Administration’s decision to waive provisions of the Jones Act last month when releasing oil from the Strategic Petroleum Reserve is typical of this… Read More
Morning Bell: Blame the Washington Bureaucracy for High Gas Prices
Americans are paying more for gasoline today than they were six weeks ago when President Obama released 30 million barrels of oil from the Strategic… Read More
New Study Forecasts Huge Job Growth If Regulators Allow Gulf Oil Drilling
U.S. employers added only 18,000 jobs last month — a remarkably low figure that contributed to the increase in unemployment to 9.2 percent. That’s the… Read More
Shell Game Is Not an Energy Policy
Releasing 30 million barrels of petroleum from strategic reserves is not an energy policy, and it is not an especially useful response to either short-run… Read More
How Higher Energy Prices Threaten U.S. Jobs
America’s trucking industry is on pace to pay a whopping $138.7 billion for fuel in 2011 — an increase of $37.2 billion over last year… Read More
Morning Bell: President Obama Abuses Nation’s Oil Reserves
When it comes to making bad energy policy decisions, President Obama is a pro. Yesterday was no exception when the Obama Administration announced it would… Read More
Open Areas to Drilling, Don’t Open the Strategic Petroleum Reserve
The 28 member countries of the International Energy Agency (IEA) agreed to release 60 million barrels of oil reserves—2 million barrels per day over 30… Read More
