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The Strategic Pandering Reserve
President Bush's analysis is correct. Releasing oil from the SPR will not ease consumer pain at the pump.
Andrew Leonard [2008-04-29]

  • Why fill the SPR faster when the price goes up?

    Bush said the SPR was being filled at 67,000 barrels per day. True for April, but he didn't mention that the plan for May is to nearly double that rate. The SPR charter calls for managing the fill rate so as not to affect price. So why fill faster when oil seems to be on an upward trend? I think it should be filled at a level dollar rate.

    -- mike_labonte
    [Read mike_labonte's other letters]
    Tuesday, April 29, 2008 03:36 PM
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