Share Share  |  
Print Page Email Page Smaller Text Larger Text

Energy Strategy: IHS CERA

Release of Strategic Oil Reserves: New Form of Economic Stimulus

By James Burkhard and Daniel Yergin

Published: 6/23/2011

The June 23 decision by members of the International Energy Agency (IEA) to release 60 million barrels of oil over the next month is, in the first instance, a response to several months of lost supplies from Libya. But its effect is also to use the release of oil reserves as an economic stimulus. Concern about the outcome of the June 8 OPEC meeting—which left the production ceiling unchanged—and worries about the pace of economic growth are the context for this decision.

...

Most Viewed

  1. LPG Market Outlook – January 2013
  2. European Energy Scenarios: Key Drivers Report
  3. CERAView Weekly Market Briefing: 14 June 2013
  4. Capital Costs Analysis Forum—Downstream: First Quarter 2013 Market Update
  5. Investors’ Energy Weekly Market Briefing: 14 June 2013
  6. Latin America Crude Oil Market Short Term Outlook, June 2013
  7. IHS Upstream Spend Report: Global Upstream Oil and Gas Industry Spending (Historical and Outlook), First Quarter 2013 
  8. MENA in 2013: Too big to fail? Key highlights from IHS CERAWeek 2013 on the Middle East and North Africa
  9. Prudent Oil and Gas Development and the Evolution of US Regulations
  10. CERAView Weekly Market Briefing: 24 May 2013

About IHS

Industry Solutions

Products & Services

Recent Acquisitions

Close window

To change the font size, press Ctrl and (- or +)

Help, that didn't work

To change the font size, Ctrl + (- or +)

If that didn’t work, try the following:

Microsoft Internet Explorer

  1. From the View menu, select Text Size
  2. Select an option from Smallest to Largest

Firefox or Netscape

  1. From the View menu, select Zoom or Text Size
  2. Select Increase or Decrease

Google Chrome

  1. Click the wrench icon next to the address bar.
  2. Next to Zoom, select + or -