Since the U.S. is no longer a major importer of light crude oil and has more than 90 days of import cover in the reserve, the politics of selling off part of the reserve is starting to appeal to members of the U.S. Congress and pundits alike. However, the implementation of any Strategic Petroleum Reserve sales is actually more complex than just getting the revenue from surplus stockpiles implies. It requires thoughtful planning, including waivers from the U.S. crude oil export ban.
By: Amy Myers Jaffe
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