Strategic Petroleum Reserve
The Strategic Petroleum Reserve (SPR) is a stockpile of crude oil maintained by the United States to protect against severe supply disruptions. Established in 1975, it serves as an emergency source of oil for the country during crises, such as natural disasters or geopolitical tensions that threaten oil supply. The reserve stores millions of barrels of oil in underground salt caverns along the Gulf Coast. By releasing oil from the SPR when needed, the government can help stabilize prices and ensure that fuel is available during times of national emergency.
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The Strategic Petroleum Reserve (SPR) is a U.S. government oil storage system established to protect against potential disruptions in oil supply, such as natural disasters or geopolitical conflicts. It holds large quantities of crude oil, which can be released into the market to stabilize prices and ensure energy security. The SPR is intended to provide a buffer during emergencies, helping to prevent severe economic impacts on consumers and industries that depend on oil. By maintaining this reserve, the government aims to enhance national security and manage the country's energy resources effectively.