As president of the United States, Joe Biden has a rarely used but potentially powerful tool to make up for supply shortages or economically damaging spikes: the Strategic Petroleum Reserve. comb. Set up after the Arab oil embargo in the 1970s as a national energy safety net, it is the world’s largest source of emergency crude oil, stored in deep underground salt caverns. and is heavily protected along the US Gulf Coast.
https://www.washingtonpost.com/business/energy/how-us-presidents-use-strategic-petroleum-reserve-quicktake/2021/11/22/9e2ee026-4bac-11ec-a7b8-9ed28bf23929_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business How US Presidents Use the Strategic Petroleum Reserve: QuickTake