VOL. XLIII

No. 43

23-OCTOBER-2000

The Strategic Petroleum Blunder?

by Paul Horsnell

Dr Paul Horsnell, Assistant Director for Research at the Oxford Institute for Energy Studies (OIES), wrote the following article for the OIES websitehttp://associnst.ox.ac.uk/energy/13oct00.html and the Middle East Economic Survey (MEES).

On 22 September, President Clinton announced that 30mn barrels of oil would be released from the US Strategic Petroleum Reserve on a swap basis. Rather than selling the oil, as it...