Why tapping the SPR is one of many ‘bad’ options to ease gasoline prices
The U.S. Strategic Petroleum Reserve is the world’s largest emergency stockpile of crude oil, but talk of a release from the reserve may be only a short-term fix to high prices of oil and gasoline. “Tapping the SPR will only address the symptoms of what is driving prices higher and cannot solve the tightness in the market,” Matthew Parry, head of long-term analysis at Energy Aspects, told MarketWatch. Releasing more crude from the SPR would have no impact on gasoline supplies, said Anas Alhajji, an independent energy expert, who’s also managing partner at Energy Outlook Advisors LLC. That option is…
Source: http://freedombunker.com/2021/11/15/why-tapping-the-spr-is-one-of-many-bad-options-to-ease-gasoline-prices/
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