Strategic Petroleum Reserve

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...

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.

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.

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

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.

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 t...

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.

Finally, President Obama has done what he should have done long ago, and what he promised he would do during his campaign. He is releasing 30 million barrels of oil and sending the speculators running for the hills.

WASHINGTON -- President Obama on Wednesday appeared to raise the possibility that the administration would release oil from the nation’s strategic p...

A whole bunch of Senators and Congressmen have been prodding the Obama administration to release a part of the Strategic Petroleum Reserve in order to counteract recently rising prices of crude oil and refined gasoline and heating oil.

How fortunate we are to have two Nobel Laureates bringing their prestige to matters relevant to oil markets. They instruct us on matters of oil pricing and get it dangerously wrong while we pay at the pump.

The looming economic crises caused by the massive jump in oil prices must certainly be classified a national emergency. But there is an easy way to avoid that -- as long as our leaders ignore the oil lobbyists.

Commentators today are repeatedly referring to the level of oil reserves held by the Libyan oil fields, projecting concerns that these reserves are in danger of being cut off from the world market. That concern is spurious to say the least.

India imports some 350,000 barrels a day from Iran, a quantity that the United States could easily supply instead, thus reinforcing our political ties with numerous other major players in that region.

To date the president has barely dealt with the oil price malignancy threatening to destabilize the feeble economic recovery he has sponsored to date. It's time for him to act on his campaign promise in this regard.

At $80 a barrel, an excess of one billion dollars a day is being lifted from the pockets of the American consumer through higher gas prices, heating bills, lost jobs because of higher industrial feed stock costs.

If the Strategic Petroleum Reserve is not put into play to balance out the distortions in oil prices resulting from the Gulf oil spill, then why do we even have it?

There is a great deal the president could do to change the psychology of the oil market and put downward pressure on prices. We don't have to accept $4/gallon oil on a permanent basis.

With recent revelations about Iran's nuclear deception, growing concerns of the major European states, and a far more amenable Russia and China, the moment for a boycott on Iranian oil has come.