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  2. 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]

  3. Global strategic petroleum reserves - Wikipedia

    en.wikipedia.org/wiki/Global_strategic_petroleum...

    Strategic reserves are intended to be used to cover short-term supply disruptions. In 2004, approximately 4.1 billion barrels (650,000,000 m 3) of oil was held in strategic reserves by International Energy Agency member states, of which 1.4 billion is government-controlled and the remainder held by private industry. [1]

  4. EXPLAINER: What is the Strategic Petroleum Reserve?

    www.aol.com/finance/explainer-strategic...

    The reserve now contains roughly 400 million barrels of oil. Tapping the reserve is among the few things a president can do alone to try to control inflation, which makes Americans poorer and ...

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

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

    However, under current rules, oil can only be pumped from the reserve at a maximum rate of “4.4 million barrels per day for up to 90 days,” according to the Department of Energy. Student loan ...

  6. EXPLAINER: What is the Strategic Petroleum Reserve?

    www.aol.com/news/explainer-strategic-petroleum...

    When President Joe Biden ordered the release of 50 million barrels of oil from America’s strategic reserve to help reduce energy costs, he was taking aim at a growing burden for millions of ...

  7. Oil and gas reserves and resource quantification - Wikipedia

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

    [i] Oil & gas reserves are resources that are, or are reasonably certain to be, commercial (i.e. profitable). Reserves are the main asset of an oil & gas company; booking is the process by which they are added to the balance sheet. Contingent and prospective resource estimates are much more speculative and are not booked with the same degree of ...

  8. Running low: US strategic oil reserve reaches lowest level in ...

    www.aol.com/running-low-us-strategic-oil...

    The reserve is the world's largest supply of emergency crude oil, located in underground caverns along the Texas and Louisiana coasts, according to the Department of Energy.

  9. 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 ...