SIXTY CAVERNS extend deep into the subterranean salt that composes the substrate along much of America’s Gulf Coast, at four sites, two each in Texas and Louisiana. They are huge; the typical cavern ...

President Donald Trump pledged to replenish the nation’s Strategic Petroleum Reserve after the Biden administration sold nearly 200 million barrels of its stock — but that won’t be as simple as buying ...

The administration is wrapping up the largest-ever release from the Strategic Petroleum Reserve in the stockpile's 50-year history. Reading time 2 minutes On Wednesday, the Biden administration ...

The U.S. SPR is currently at a multi-decade low. Replenishing 300 million barrels at a cost of even $70 per barrel would cost $21 billion for the oil alone. The United States needs the SPR as a safety ...

The Strategic Petroleum Reserve (SPR) is the world’s largest supply of emergency crude oil owned by the US government. It was established in 1975 in the aftermath of the OPEC oil embargo, primarily to ...

Established by the U.S. government nearly fifty years ago, the Strategic Petroleum Reserve (SPR) is intended to protect the economy and strengthen national security during major oil supply disruptions ...