Letters to the Editor
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On second thought, maybe halting purchases of oil for the SPR could make a real difference.
No.
Americans consume oil at such a rate irrespective of price that nothing short of finding billions and billions of easily recoverable sweet crude (which would actually be a disaster vis-a-vis global warming) and an instant 5% reduction in consumption world wide would lower the price of oil. As neither of these things is likely to happen, I don't believe we will ever again see oil below $100/barrel.