Insight
Gas prices are fast on the rise, and President Obama is talking about tapping the U.S. Strategic Petroleum Reserve following a lineage of leaders before him who see the word ‘strategic’ as political opportunity rather than a national security imperative.
The stone cold reality, however, is that the entire strategic reserve holds only a 40 day supply for an oil thirsty U.S. economy. Draining the reserve is therefore going to do little to put a dent in the cost of gas in the near term and nothing at the pump in the intermediate or...
» More