Robin Millican, Director of Federal Affairs for the Institute for Energy Research, appeared on the Willis Report with Gerri Willis to discuss the Obama Administration’s plans surrounding the Strategic Petroleum Reserves. Her opening statement is below.
“The Obama Administration is finally admitting that increased supply, according to basic economic principles, will push prices down.
While the release from the SPR will be only temporary relief in terms of gas prices [it shows] the Obama Administration has some reckoning to do as far as its anti energy policies which have kept 85% of Outer Continental Shelf lands off limits from production as well as 1 trillion barrels of technically recoverable oil on western lands which have been locked up by the President’s policies.”
The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.
