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  2. Biden to ban new oil drilling over vast areas of US Atlantic ...

    www.aol.com/news/biden-ban-oil-drilling-over...

    (Reuters) - President Joe Biden is set to ban new offshore oil and gas development across 625 million acres (250 million hectares) of U.S. coastal territory, Bloomberg News reported on Friday.

  3. Strategic Petroleum Reserve (United States) - Wikipedia

    en.wikipedia.org/wiki/Strategic_Petroleum...

    Commercial crude oil stock pile. 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 714 million barrels (113,500,000 m 3). [1]

  4. Oil reserves in the United States - Wikipedia

    en.wikipedia.org/wiki/Oil_reserves_in_the_United...

    The United States maintains a Strategic Petroleum Reserve at four sites on the Gulf of Mexico, with a total capacity of 727 million barrels (115.6 × 10 ^ 6 m 3) of crude oil. The maximum total withdrawal capability from the United States Strategic Petroleum Reserve is 4.4 million barrels (700,000 m 3) per day. This is roughly 32% of US oil ...

  5. Biden bans new oil, gas drilling off most US coasts as Trump ...

    www.aol.com/biden-bans-oil-gas-drilling...

    A person fishes with offshore oil and gas platform Esther in the distance on January 5, 2025 in Seal Beach, California. President Joe Biden has permanently banned future offshore oil and gas ...

  6. As strategic oil reserve is drained to record low levels, is ...

    www.aol.com/news/strategic-oil-drained-record...

    President Joe Biden’s Administration has presided over an unprecedented drainage of oil from America’s Strategic Petroleum Reserve (SPR) following Russia’s invasion of Ukraine. As of Sept ...

  7. List of countries by proven oil reserves - Wikipedia

    en.wikipedia.org/wiki/List_of_countries_by...

    Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop. In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to

  8. Oil prices fall ‘as US mulls record release from crude reserves’

    www.aol.com/oil-prices-fall-us-mulls-081923980.html

    Reports suggest President Joe Biden is considering releasing up to 180 million barrels of oil from the US Strategic Petroleum Reserve. Oil prices fall ‘as US mulls record release from crude ...

  9. Oil and gas reserves and resource quantification - Wikipedia

    en.wikipedia.org/wiki/Oil_and_gas_reserves_and...

    Oil and gas reserves denote discovered quantities of crude oil and natural gas (oil or gas fields) that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to approved operational plans filed on the day of reserves reporting are also sensitive to fluctuating global market pricing.

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