Rick Lowe
Professor Mark J. Perry at Carpe Diem offers some interesting food for thought on the recent release of fuel from America's Strategic Petroleum Reserve in his recent post entitled Some Non-Strategic Thinking About a Non-Problem:
"Gasoline prices have been dropping steadily for the last six weeks, and the current price of $3.62 per gallon (national average) is the lowest in three months and almost 8% below the recent peak of close to $4 per gallon in early May (see chart above). America's stock of crude oil for the week ending June 17 was at the highest level (1.065 billion barrels) in more than four month since early February. So what's the administration's "solution" to the "non-problems" of rising oil supplies and falling oil and gas prices?"
