Statecraft

How to Calm Oil Markets

Jul 18, 2024
Arnab Datta, an expert in infrastructure policy, and Skanda Amarnath, a macroeconomic policy specialist, dive into the role of the Strategic Petroleum Reserve (SPR) in stabilizing oil markets. They propose a novel idea: leveraging the SPR strategically to support American industry and manage oil price volatility. The discussion highlights the historical underutilization of the SPR, the impact of geopolitical events like the Russian invasion of Ukraine, and innovative strategies for future oil acquisitions. They also explore how intelligent policy advocacy can influence market dynamics.
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