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Call now and we'll double your offer: Selling oil from the SPR

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Listen: Call now and we'll double your offer: Selling oil from the SPR

Is a new plan by Congress to sell 64 million barrels of crude from the US Strategic Petroleum Reserve like a get-rich-quick scheme that's just too good to be true? Platts senior editors Brian Scheid and Herman Wang look at whether this plan could lead to an actual profit or just a convenient way to practice some Congressional accounting.

In a time when the US has a massive supply of domestic oil and a surplus in the SPR, many are asking if selling some of the barrels could be beneficial. Guests Kevin Book, with ClearView Energy Partners, and John Shages, who oversaw the SPR for the US Department of Energy, help explain what kind of market impact a potential sale could have and how the move would fit into the larger picture of US energy politics.

Check back every Monday for the latest analysis of US oil policy news from leading Platts editors covering the Capitol. E-mail the editors at brian.scheid@platts.com and herman.wang@platts.com.


We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.