SPR drawdowns trigger law of unintended consequences

The US has embarked on a massive operation to weaken terrorists globally-with the support and approval of a multilateral coalition of unprecedented size and diversity. On Oct. 7, the US and the UK began military air strikes against the followers of Osama bin Laden and his supporters, including the Taliban, in Afghanistan. Boycott-supply threat Field operators examine a valve assembly at the Bryan Mound, Tex., Strategic Petroleum Reserve crude oil storage facility. The Minerals Management Service will divert up to 130,000 b/d of Gulf of Mexico royalty in-kind oil to the SPR by fall 2002. Click here to enlarge imageAfghanistan itself currently bears no relevance to the oil market. As the...

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