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Page added on August 22, 2005

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The Oil Drum: Leave the SPR alone already

I thought this was just Schumer’s pipe dream, but no, now Sen. Patrick Leahy of VT is advocating it too. I find this so frustrating, because it means that (some) politicians are so fundamentally uninformed about why oil prices are high right now (which Peter Maass also noted in the NYTimes piece this weekend), and delusional about how to solve the problem. Even worse, by promoting this kind of solution, they make it even harder for the public to understand what the real problem is, since it makes people think that high prices will go away just by opening up the SPR and putting a little more oil out there.
A lot more after the jump at the brand spanking new digs of The Oil Drum.



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