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Full Title: Oil and the Debt: A Historical and Prospective Analysis of the Impact of U.S. Oil Dependence on the Federal Debt Author(s): Robert F. Wescott, Ph.D, Phillip L. Swagel, Ph.D.,...
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The U.S. currently maintains one of the world’s largest stockpiles of government owned oil, the Strategic Petroleum Reserve (SPR). In response to the 1970s oil embargo and supply shocks, the...
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