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Embargoes and import bans cause recessions too, and they are precisely what the SPR was meant to address. The US needs a multi-tier solution, short medium and
by unyttigfjelltol 4y ago
Embargoes and import bans cause recessions too, and they are precisely what the SPR was meant to address. The US needs a multi-tier solution, short medium and long term. Recession only is a medium-term solution and not even the best. SPR is supposed to be the bridge to get you there and save you from worse. Perhaps a better solution would be a reserve of mothballed energy projects and equipment that can be spun up on 6 months notice or a year, not that in this political environment it would have helped.