A surprise release of 60 million barrels (30 million from the US) pushed crude oil prices down for a little while yesterday. Already prices are recovering and some think prices will tend higher than they would absent the surprise. The obvious question is why deplete our Strategic Petroleum Reserve (SPR) when there’s no actual emergency? […]
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This article is available in the Delaware Times at http://www.delcotimes.com/articles/2008/12/10/business/doc493f3a92d5525994876145.txt