Something here isn't adding up. If the problem is a lack of refineries, how will increasing the amount of crude oil help? I mean, aside from marginal effects on the price of crude.
From the article, it looks like I'm not the only one puzzling over this question:
The government's oil ``is not going to be of much help unless we get refineries running again,'' said Adam Sieminski, global oil strategist at Deutsche Bank AG in New York, before the announcement. ``Releasing oil from the SPR right now would be actually inappropriate because there would be no place to put it.''