Freeman Spogli Institute for International Studies Program on Energy and Sustainable Development Stanford University


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In the Tank: Making the Most of Strategic Oil Reserves

Journal Article

David G. Victor

Published by
Foreign Affairs, Vol. 87 no. #4, page(s) 70-83

Like many other large oil importers, the United States stocks massive amounts of crude oil to buffer itself against shocks to the world oil market. But it has been reluctant to use these stocks, even in times of crisis, and has managed them based on an outdated vision of the market. Washington must radically reform its approach and coordinate it with those of the rest of the world.