Strategic Oil Use Would Have Small Impact on Gasoline, IHS Says
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Releasing crude from the Strategic Petroleum Reserve would have a limited impact in lowering U.S. gasoline prices, James Burkhard, managing director at IHS-Cambridge Energy Research Associates, told lawmakers.
The Obama administration should leave the emergency inventory for supply disruptions, such as a loss of output tied to tensions over Iran’s nuclear program, Burkhard said in remarks prepared for a House Committee on Energy and Commerce hearing tomorrow.