Biden’s SPR Gamble Sparks Debate Over U.S. Energy Security
The United States established its Strategic Petroleum Reserve (SPR) in the wake of the 1973–1974 oil embargo that disrupted oil imports and drove oil prices much higher. The SPR consists primarily of several large underground salt caverns for storage located along the Gulf Coast in Texas and Louisiana. These sites were chosen based on their geologic stability and ability to safely store hundreds of millions of barrels of crude oil. The SPR has the capacity to hold enough crude oil to help mitigate the impact of severe supply interruptions.…