Useful information and discussion about energy, including oil and gas, peak oil, hydrogen, alternative energy, ethanol and other biofuels, climate change, and geopolitics, from an experienced industry professional.
A service of GSW Strategy Group, LLC, providing foresight and insight in an uncertain world. Content Copyright 2004, 2005, 2006, 2007 and 2008 by Geoffrey S.W. Styles. All rights reserved. The views expressed here are solely those of the author.
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Calling A Halt
Posted on April 11, 2008
The management of the nation's Strategic Petroleum Reserve has long been a bone of contention between Congressional Republicans and Democrats, with the former tending to support the administration's fill-at-any-price strategy and the latter generally supporting a more interventionist approach. Senator McCain's call yesterday for a halt to SPR additions, until oil prices are lower, signals an important shift. If the government followed his suggestion, the results might be more dramatic than anyone expects, because of the limited size and nearly unlimited leverage of the domestic market for ligh...
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