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How to Calm Oil Markets

Statecraft

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Strategic Petroleum Reserve: A Stabilizing Force

This chapter explores the strategic implications of the Strategic Petroleum Reserve (SPR) in the context of current oil market dynamics and geopolitical tensions. It discusses the Biden administration's efforts to adapt SPR policies to stabilize oil supply and price signals, especially in light of the impacts from Russian sanctions. By examining recent regulatory changes and innovative proposals, the chapter illustrates how the SPR serves as a key tool in fostering domestic production and managing market fluctuations.

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