July 24, 2018 – Washington Examiner
Senate Energy Committee dives into OPEC and oil market uncertainties
by John Siciliano
The future of the nation's strategic oil reserve and Iran sanctions will come into stark focus on Tuesday at a rare Senate Energy Committee hearing on oil prices, according to aides.
The Energy and Natural Resources Committee hearing comes as President Trump and Iran have sparred on Twitter on the ramifications of applying oil sanctions, while recent reports show Trump is considering tapping the Strategic Petroleum Reserve to keep gasoline prices low going into the midterm elections.
Read the full article here: https://www.washingtonexaminer.com/policy/energy/senate-energy-committee-dives-into-opec-and-oil-market-uncertainties
The hearing will examine how U.S. shale oil production has somewhat restrained prices and insulated the U.S. economy, say aides. However, the past two decades have been characterized by significant changes in oil prices, oil supply, oil demand, and global inventories, so the hearing will allow the committee to put everything happening on a global scale into context, the sources said.
E. Russell Braziel, CEO of the market analytics firm RBN Energy, will also be testifying before the panel. Braziel was recently appointed to serve on the National Petroleum Council, a federal advisory board, by Energy Secretary Rick Perry.
"The challenges facing today’s energy markets have never been greater, and I look forward to collaborating with other NPC members to address the important issues facing our industry,” Braziel said.
