Energy Secretary and Nobel Prize winner Stephen Chu dropped a little science on OPEC Thursday, announcing that America would try to devalue its pricey oil by unleashing 30 million barrels of its own via the Strategic Petroleum Reserve. Adding to its oomph, the move was part of a coordinated effort with US allies in the International Energy Agency, who are contributing another 30 million barrels themselves.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=110229