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In the Tank

Making the Most of Strategic Oil Reserves

Authors: David G. Victor, Adjunct Senior Fellow for Science and Technology, and Sarah Eskreis-Winkler
July/August 2008
Foreign Affairs

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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 But it has been reluctant to use these stocks, even in times of crisis, and has managed them based on an outdated vision of the market. Before it spends up to $100 billion to double its reserves, Washington must radically reform its approach and coordinate it with those of the rest of the world.

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