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37 postsPrescriptive - Don’t Forget The Future: The DOE Risks Diluting The Credibility of President Biden’s SPR Commitments
Summary The benchmark West Texas Intermediate (WTI) spot price for crude oil has settled at or below the President’s committed $67-$72 refill range for nearly two...
Prescriptive View: The Next Pilot - Faster, More Efficient SPR Acquisition at the DOE
Introduction Although the full repercussions of the Silicon Valley Bank (SVB) collapse are not yet clear, considerable uncertainty is driving market volatility and an uncertain economic outlook. Should...
The DOE’s New Pilot Program: An Encouraging First Step To Improving Operational Capacity and Securing Our Energy Future
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...
If Oil Prices Fall Further, The DOE Must Be Ready to Engage In Tactical Repurchases
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...
