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Strategic Oil Reserve
The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest publicly known emergency supply in the world; its underground tanks in Louisiana and Texas have capacity for . The United States started the petroleum reserve in 1975 to mitigate future supply disruptions as part of the international Agreement on an International Energy Program, after oil supplies were interrupted during the 1973 oil crisis, 1973–1974 oil embargo. The current inventory is displayed on the SPR's website. , the inventory was . This equates to about days of oil at 2019 daily U.S. consumption levels of or days of oil at 2019 daily U.S. import levels of . However, the maximum total withdrawal capability from the SPR is only , so it would take about days to use the entire inventory. At recent market prices ($58 a Barrel_(unit)#Oil_barrel, barrel as of March 2021), the SPR holds over $14.6 billion in sweet cr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Strategic Petroleum Reserve
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Ameri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
