Reimagining the SPR
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.
SPR
25 postsDOE Can Buy More Oil: A Roadmap for Maximizing Acquisition
Introduction On Friday, the Biden Administration announced that its October solicitation for crude oil had successfully closed with the acquisition of 2.7 million barrels of oil for...
The Biden Administration Can Manage Upside Oil Price Risk While Building a Better SPR
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...
Celebrating the Administration’s SPR Acquisition
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...
Secretary Granholm’s Excuses Don’t Add Up - The DOE Should Be Ready To Buy Now To Refill Later
"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...
