8-21-12
A Shameful Management of the Country's Resources The Obama Administration is again considering use/misuse of the nation's Strategic Petroleum Reserve, designed to be used in a national emergency. The average price per barrel paid for the SPR oil is less than $30. Today's price hovers around $100. (Could the real motivation be arbitrage?) At the same time, this month the Obama Administration announced the BLM plans to essentially lock up the National Petroleum Reserve-Alaska (NPR-A) at the same time the USFWS hopes to recommend wilderness designations for the approved oil [...]
