Release of the United States Strategic Petroleum Reserves - PDF

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					Release of the United States Strategic
Petroleum Reserves – A Myopic
Solution to a Critical Problem
                                                                              Reference Code: GDGE0578VPT

                                                                              Publication Date: SEP 2008




Energy Viewpoint                                                                GDGE0578VPT / Published SEP 2008
© GlobalData. This brief is a licensed product and is not to be photocopied                                 Page 1
Table Of Contents




1           Table of Contents

1      Table of Contents                                                                                    2

1.1       List of Figures                                                                                    4


2      GlobalData Viewpoint                                                                                 5

2.1       Summary                                                                                            5


3 Release of the United States Strategic Petroleum Reserves – A Myopic Solution
to a Critical Problem                                                           6

3.1       The US Strategic Petroleum Reserves                                                                6

3.2       Release of Crude Oil From The Strategic Petroleum Reserves                                         7

3.3       The Next release from SPR- The Current Situation                                                   9

3.4       Conclusion                                                                                        10


4      Recent Developments                                                                                 11

4.1       Sep 10, 2008: Crude Oil Rises To $104.67 A Barrel                                                 11

4.2       Sep 04, 2008: Oil Price Steadies As US Gulf Coast Production Resumes                              12

4.3       Sep 01, 2008: Oil, Gasoline Price Rise As Hurricane Gustav Reduces Production, Refining           13

4.4       Aug 26, 2008: Crude Oil Steadies After Gustav Forms In Caribbean Sea                              15

4.5       Jul 15, 2008: Oil Climbs Above $146 A Barrel                                                      17

4.6       J
				
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Description: Release of the United States Strategic Petroleum Reserves Summary Not only has the high international price caused an increase in the US trade deficit as a result of the ever increasing crude oil import bill, but it has also hit the US consumer in the form of higher fuel bills. Gasoline prices reached $4 a gallon on 9 June 2008, up by 28 percent from $3.119 a year earlier. Increasing gasoline and other fuel prices, as a result of an increase in crude oil prices, have made energy issues more prominent in this election than ever before. In regard to this, both the Presidential candidates have clearly defined how they intend to deal with the growing energy prices through their energy policies. Scope • GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the oil and gas industry across the world. Reasons to Buy • Develop business strategies with the help of specific insights from GlobalData on the key events happening in the oil and gas industry. • Gain a strong understanding of the energy market and analyze the major trends in the global oil and gas industry today • Identify opportunities and challenges with the help of our analysis of the latest news and deals in the oil and gas industry • Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
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