Philip Verleger is an oil and gas industry economist at the University of Calgary.
NPR: Oil Prices Hovering At 3-Year Low
Verleger is extreme but not alone in his view of what federal hoarding is doing to oil prices.
FORBES: Strategic Oil Move
In the past few years, argues Mr Verleger, they have been propping up the oil price by keeping inventories down in consuming economies.
ECONOMIST: How OPEC's fear of $5 oil led to $50 oil
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