The Strategic Petroleum Reserve Becomes a Political Football (Yet Again)

With the prices of both crude oil and gasoline racing higher, it was just a matter of time before the cries began sounding to open up the Strategic Petroleum Reserve (SPR).
The White House is now under renewed pressure to combat rising gas prices by releasing that oil.
The problem is that the SPR was not created to deal with our current crises.
Following the Arab oil embargo in 1973, which resulted in long lines at the pump in the U.S. and alternate fueling days (based on your…

Keep on reading: The Strategic Petroleum Reserve Becomes a Political Football (Yet Again)