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Strategic Petroleum Reserve

Does Obama's Iraq "All Options on the Table" Include The Strategic Petroleum Reserve?

Raymond J. Learsy | Posted 08.13.2014 | Business
Raymond J. Learsy

The most direct way of defusing the political and interventionist pressures of the current mayhem in Iraq would be to release significant volumes from our Strategic Petroleum Reserve which currently harbors in excess of 700,000,000 bbls of oil.

Exxon's Russia Partnerships Challenge US Exports as Energy Weapon Narrative

Steve Horn | Posted 05.17.2014 | Green
Steve Horn

Even if the U.S. (and/or ExxonMobil) comes out ahead in this energy-centric geopolitical brouhaha, we still all end up losing in the end.

It's Time to Discuss the Future of the Strategic Petroleum Reserve

T. Boone Pickens | Posted 01.23.2014 | Politics
T. Boone Pickens

It's time to discuss the future of the SPR. We need to use it strategically as a resource to reduce our dependence on foreign oil while developing our own resources.

Syria as Russia's Oil Price Tool

Raymond J. Learsy | Posted 11.08.2013 | Business
Raymond J. Learsy

Over the last weeks, since the inception of the demonstrations in Egypt for president Morsi's ouster, to the sarin gassing of innocents in Syria these past days, the price of oil has skyrocketed. After Saudi Arabia, the most immediate beneficiary of this spiking of oil prices is Russia.

Blatant Distortion and Manipulation of Oil Prices Laid Bare

Raymond J. Learsy | Posted 10.26.2013 | Business
Raymond J. Learsy

What transpired on Friday was a brutal movement in the price of oil to the enormous benefit to oil interests. And for no reason that can be explained by either an interruption in supply, direct nor indirect, nor significant change in demand, nor economic data supporting the move.

The Price of Oil Is Rigged

Raymond J. Learsy | Posted 10.05.2013 | Business
Raymond J. Learsy

There is no transparency whatsoever in the trading of oil on the commodity exchanges. We don't know who is taking positions and for whose account.

Americans Pay at the Pump While Speculators Profit and Play

Raymond J. Learsy | Posted 09.10.2013 | Business
Raymond J. Learsy

The system stinks. Speculators and Wall Street players and the oil patch win, amassing enormous profits, contributing nothing, while Americans are fleeced for goods vital to their daily lives.

Our Economy Sorely Needs a Boost. The Strategic Petroleum Reserve, Anyone?

Raymond J. Learsy | Posted 08.20.2013 | Business
Raymond J. Learsy

The price of oil, and in turn gasoline, continues on its clearly speculation-driven trajectory. A significant break in the price of oil would be an enormous boost to the economy.

Egypt's Looming Famine and America's Grain Bounty

Raymond J. Learsy | Posted 06.04.2013 | Business
Raymond J. Learsy

Along with this new focus and responsibility, it is also high time that the nation establishes a Strategic Grain Reserve much in keeping with the Strategic Petroleum Reserve.

Let's Rethink the Strategic Petroleum Reserve

T. Boone Pickens | Posted 05.24.2013 | Politics
T. Boone Pickens

It's been almost five years since we set out to get America the energy plan it deserves. One thing hasn't changed: the need for aggressive and effective energy leadership in Washington. Long story short -- we have no national energy plan.

The Appointment of Our Next Energy Secretary

Raymond J. Learsy | Posted 01.16.2013 | Politics
Raymond J. Learsy

The Obama administration now has an opportunity to reposition the Energy Department as a force for national energy independence, an economic force for national security, and as a monitor and sponsor of rational energy pricing thereby husbanding a mighty engine of economic growth.

We Need a Long-Term Energy Strategy

K. Forrest Beanum | Posted 12.15.2012 | Business
K. Forrest Beanum

It's time to put politics aside, ignore the phony quick-fix solutions that politicians might offer, grab hold of the wheel and take personal responsibility for driving the agenda of our nation's energy future.

America's Increased Reliance on Saudi Oil Manifests the Bankruptcy of Obama's Energy Policies

Raymond J. Learsy | Posted 10.20.2012 | Business
Raymond J. Learsy

After nearly four years in office, that the United States is even more dependent on Middle East oil is shocking testimony to the failure of the Obama Administration's energy policies.

White House Considers Releasing Oil From Reserves

Reuters | Posted 10.16.2012 | Green

* U.S. officials to watch whether gasoline prices fall after Labor Day * Too early to say the size of potential release (Adds no c...

Release The Gas-Price Kraken!

The Huffington Post | Mark Gongloff | Posted 03.16.2012 | Business

Just to clear up some confusion, 8 1/2 is Federico Fellini's masterpiece. Seven and a half is the number of things you need to know each day. Here tho...

U.S., U.K. Making Big Move On Oil Prices

Posted 03.15.2012 | Politics

By Richard Mably LONDON--Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two Brit...

Oil vs. Morning in America

Brent Budowsky | Posted 05.01.2012 | Business
Brent Budowsky

Do not underestimate the potential political and economic power of the recovery that has begun. The economy still faces challenges, but the signs of recovery are real, growing and widening in scope.

Iran's Warning of Oil Prices Reaching $250 Barrel

Raymond J. Learsy | Posted 02.06.2012 | Home
Raymond J. Learsy

Should Europe cut off imports of Iranian oil, as they already have with Syrian oil in solidarity with the Syrian people's suffering under its current murderous rulers, the impact on the oil market would be minimal.

A European Embargo on Iranian Oil and Our Strategic Petroleum Reserve

Raymond J. Learsy | Posted 01.30.2012 | Business
Raymond J. Learsy

Much has been written about commercial sanctions, but rarely about the truly overarching policy initiative that could take down the Iranian renegade regime, removing the risk of the world confronting nuclear armed fanatics. This, without firing a shot.

The Half-Billion Solyndra Debacle -- Why Is Steven Chu Energy Secretary?

Raymond J. Learsy | Posted 11.26.2011 | Business
Raymond J. Learsy

Energy Secretary Steven Chu has impressive credentials, but he is sadly miscast for the rough and tumble, oft unforgiving world of oil and energy markets and its cast of malign actors

Rick Perry President? A Primer on What a Texas Governor's Presidency Can Do For You and the Oil Industry

Raymond J. Learsy | Posted 11.12.2011 | Business
Raymond J. Learsy

Would a Perry presidency be tempted to follow in this predecessor's footsteps? Given the incestuous interrelationship between Texas politics and oil, in many ways the Bush presidency becomes a cautionary tale.

Why Did the Administration Waive U.S. Law 46 Times to Help Foreign-Owned Shippers at the Expense of U.S. Maritime Workers?

Rep. Dennis Kucinich | Posted 10.27.2011 | Politics
Rep. Dennis Kucinich

The Administration's short-sightedness has meant that oil companies -- that do not employ American workers, do not pay U.S. taxes, and do not follow U.S. environmental rules -- benefited, while American mariners try to weather this economic storm.

Obama Poll Watch -- June, 2011

Chris Weigant | Posted 09.05.2011 | Politics
Chris Weigant

[Program Note: Last month, we ran this column four days before the end of May, due to travel plans. We promised we'd update the preliminary numbers i...

Bacon Becomes The Latest Victim Of Skyrocketing U.S. Food Prices

Harry Bradford | Posted 11.18.2016 | Business
Harry Bradford

Spiking food prices could mean that even some of the employed soon won't be able to bring home the bacon. The price of pork bellies, that part of the...

Strategic Petroleum Reserve Release Under Fire -- For Being Effective

Daniel Dicker | Posted 08.24.2011 | Business
Daniel Dicker

Argue all you want about the release of 60 million barrels of crude oil from the International Energy Agency, but one thing you can't argue is the level of its effectiveness.