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Examining The Potential Impact Of Tapping Oil Reserves

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Brian O’Connell, Special To Hart Energy
September 17, 2012

This week’s murder of Chris Stevens, the U.S. ambassador to Libya, and three of his colleagues is dominating headlines and fueling outrage in America and the much of the world.

But when the smoke clears, the oil market may well wonder what further geopolitical chaos in the highly flammable Middle East means for crude oil prices.

The Obama administration was already mulling over the notion of tapping into the U.S. Strategic Petroleum Reserve (SPR) over concerns about tightening U.S. oil supply.

Last week Reuters reported that sources close to the ...


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