How U.S. Presidents Use Strategic Petroleum Reserve: QuickTake

As U.S. president, Joe Biden has a hardly ever used however doubtlessly highly effective instrument to make up for provide shortages or economically damaging worth spikes: the Strategic Petroleum Reserve. Arrange within the aftermath of the Arab oil embargo within the Nineteen Seventies as a nationwide vitality security web, it’s the world’s largest provide of emergency crude, saved in deep and closely guarded underground salt caverns alongside the U.S. Gulf Coast.

https://www.washingtonpost.com/enterprise/vitality/how-us-presidents-use-strategic-petroleum-reserve-quicktake/2021/11/05/6621b388-3e56-11ec-bd6f-da376f47304e_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | How U.S. Presidents Use Strategic Petroleum Reserve: QuickTake