The Offshore Technology Conference in Houston is about exactly what you think it is about. At it, the Douglas-Westwood energy consultancy released a note warning that it would be a bad idea to release oil from the Strategic Petroleum Reserve in order to punish Russia. If successful, lower oil prices would sucker-punch many American producers. Moreover, the attempt would fail if it prompted OPEC to cut production.
OK. I would agree with all of that. But who was talking about trying to use the Strategic Petroleum Reserve as a weapon in the first place?