COLUMN-U.S. SPR oil release would be a mistake: Kemp | Reuters:
Releasing crude oil from the U.S. Strategic Petroleum Reserve (SPR) in response to a rise in prices resulting from the reimposition of sanctions on Iran would be a mistake and ultimately self-defeating.
The SPR has sufficient crude to offset any loss of exports from Iran for many months, especially if stock releases are combined with increased oil production by Saudi Arabia and other members of OPEC.
The statutes governing the operation of the SPR grant the U.S. president broad discretion to order a drawdown, and any order is unlikely to be constrained by Congress or the courts.
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