Why a Strategic Petroleum Reserve Release Won’t Help Oil Prices or President Obama

With oil prices showing no signs of retreat during the final months of the U.S. presidential campaign, beltway insiders are turning to one misguided solution to combat rising oil prices.
Releasing oil from the Strategic Petroleum Reserve (SPR).
Trial balloons floated all over Washington during the past few days. The only reason politicians didn’t move on this sooner (say a few months ago) was the price level.
Until the last month or so, both oil and gasoline prices were headin…

Keep on reading: Why a Strategic Petroleum Reserve Release Won’t Help Oil Prices or President Obama