The oil reserve we have is expressly for emergencies, and never should be used to countervail price movements. That’s because tapping it is useless in combating any future OPEC monopoly which can adjust its supply to demand whenever it desires.
The best way for America to help cut oil prices and assure ample supplies is to use its domestic oil fields and related energy supplies.
But its energy political influences prevent this. For political reasons and the fact that many have little knowledge of how the economic laws of supply and demand work.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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