The uncertain impact of an SPR release
Reserve nerves
The US is the world’s largest consumer of oil, so it makes sense that the country should also have the world’s largest strategic reserves. The maximum capacity of the US strategic petroleum reserve (SPR) is a massive 727 million barrels of crude oil – and as of October 26, it held 694.9 million barrels, according to the US Department of Energy. Distributed among four storage sites along the Gulf of New Mexico, the stockpile provides the country with a “powerful response option should a
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