Anyone familiar with domestic energy policy knows the Strategic Petroleum Reserve (SPR) is critical to our nation. But it seems Joe Biden saw the acronym S-P-R and thought, “Strategic Political Reserve.”
The Louisiana- and Texas-based series of subterranean, artificial caverns were created by Congress in 1975 as a response to OPEC’s oil embargoes in 1973-74. The caverns have a capacity for up to 714 million barrels of oil, equivalent to just over a month’s worth of daily U.S. imports. Think of it as a “break glass only in emergency” option, except with oil.
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