Global Strategic Petroleum Reserves, Part 3 (Final): Cost, Misuse, and Governance Failures
March 13, 2026
(Oil & Gas 360) By Greg Barnett, MBA SPR as a national balance sheet—and why politicians keep over-promising what it can do. SPR policy is often marketed as “energy security.” In practice it is also financial engineering, governance, and political incentive. This final section frames SPRs as balance-sheet positions, compares burden to macro measures, and highlights governance and political misuse
