Joe Biden’s SPR Caper—A Triple Bogey

Back in the day we were a strong proponent of an aggressive build-up of the Strategic Petroleum Reserve (SPR). That’s because in the late 1970s the winning argument in Washington for all manner of insidious energy policy interventions—-synfuels subsidies, oil and gas price and allocation controls, mandatory energy efficiency standards, electrical grid mandates to buy […]
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