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Opinion

Tapping strategic oil reserves will never tame OPEC and its allies

Crude producers should nonetheless refrain from punishing buyer countries

| North America
A maze of crude oil pipes and valves at the Strategic Petroleum Reserve in Freeport, Texas, pictured in June 2016: frustrated customers do not make for good business anywhere in the world.   © Reuters

Vandana Hari is founder of Singapore-based Vanda Insights, which tracks energy markets.

The unprecedented move by the U.S. to orchestrate the release of oil from state reserves of five major consuming countries in conjunction with a sale of 50 million barrels from its own strategic stockpiles to cool down fuel prices may result in a series of more complicated problems.

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