U.S. strategic reserves are getting so low it threatens damaging the 60 underground salt caverns storing American oil
Strategic oil inventories have researched a 40-year low, and experts warn their continued depletion could damage the underground caverns where the reserves are stored. Last week, the Strategic Petroleum Reserve (SPR) plunged below 300 million barrels for the first time since the 1980s, when the reserves were being filled, according to the Department of Energy.
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Strategic oil inventories have researched a 40-year low, and experts warn their continued depletion could damage the underground caverns where the reserves are stored. Last week, the Strategic Petroleum Reserve (SPR) plunged below 300 million barrels for the first time since the 1980s, when the reserves were being filled, according to the Department of Energy. That pool is expected to drain further to 243 million barrels as the U.S. releases 172 million barrels to manage severe supply disruptions and rising energy costs due to the Iran war.
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- What's the story?
- Strategic oil inventories have researched a 40-year low, and experts warn their continued depletion could damage the underground caverns where the reserves are stored. Last week, the Strategic Petroleum Reserve (SPR) plunged below 300 million barrels for the first time since the 1980s, when the reserves were being filled, according to the Department of Energy.
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- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 1m ago.
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U.S. strategic reserves are getting so low it threatens damaging the 60 underground salt caverns storing American oil
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