Strategic Petroleum Reserve Release Catches Market Napping

Strategic Petroleum Reserve Release Catches Market Napping Posted: 24 Jun 2011 08:03 PM PDT I see that the administration has decided to release 30 million barrels of oil from the US Strategic Petroleum Reserve, in coordination with a matched release from the strategic stocks of other OECD member countries of the International Energy Agency (IEA.) The release will be spaced over the next month, though it's not clear how soon it can begin, since it should take at least a few days to line up the requisite buyers, sign contracts, and schedule