President Clinton decided to release 30 million barrels of oil from the SPR to lessen concerns about shortages and lower energy prices, but there is debate on whether the situation consitituted such emergency action.
In This Issue
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Current Trends and Long-term ProjectionsRead More
Origins and PurposeRead More
Oil Reserve Policy from 1975 to 2000Read More
The Debate Over When and How to Use the SPRRead More
Recent Action on the Strategic Petroleum ReserveRead More
Protection Against Winter Fuel ShortagesRead More
Statement by Energy Secretary Bill RichardsonRead More
Pro & Con
Was the Administration's Drawdown of the Strategic Petroleum Reserve a Sound Decision?