Recent media stories have claimed the Strategic Petroleum Reserve (SPR) is no longer necessary, or that oil from the reserve could be sold to offset the budget deficit. With this in mind, it’s important to evaluate exactly what the SPR is capable Continue reading Is The Strategic Petroleum Reserve Necessary?
An op-ed in the Wall Street Journal by Austan Goolsbee, Council of Economic Advisers from 2010 to 2011, claimed we needed to follow Linda’s rule, which was the supply of toilet paper kept in the home by the op-ed writer’s Continue reading Strategic Petroleum Reserve Size
At least 20% of the world’s oil supply transits through the Strait of Hormuz which is, on average, around 30 miles wide. The Wall Street Journal recently had an analysis of the military challenges in what would be an Continue reading Blocking the Strait of Hormuz