Oil Prices and the Strategic Petroleum Reserve
Witnesses testified about the economic impact of rising international oil prices, the administration of the strategic petroleum oil reserve,… read more
Witnesses testified about the economic impact of rising international oil prices, the administration of the strategic petroleum oil reserve, and proposals to suspend purchases of oil for the petroleum reserve to reduce gas prices in the U.S. They also talked about the impact of speculation in the oil market and factors that have artificially driven prices above expected market values. close
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