"The Strategic Petroleum Reserve, unfortunately, has become the strategic political reserve. And we have grave concerns about how it has been so politicized. This is for emergency purposes, not to lower gasoline prices during a time during a political season," Sommers said Friday on "Mornings with Maria." "But I think doing this willy-nilly and doing it in a way that that doesn't make sense for the market we're in, we could be dealing with another major oil crisis here in the next few weeks."
"We're also real concerned, Maria, about how low it has gone. Lowest
level since 1984, not necessarily because of market conditions, but
because of political concerns," Sommers continued. Read more and see videos here.