How U.S. Presidents Use Strategic Petroleum Reserve: QuickTake

Sept. 2, 2021, 9:51 PM

As U.S. president, Joe Biden can tap the nation’s emergency oil stockpile to make up for supply shortages -- be they disruptions to crude flows such as in Louisiana this week after Hurricane Ida, or price spikes caused by geopolitical instability in the Middle East. The tool at his disposal is the Strategic Petroleum Reserve, set up in the aftermath of the Arab oil embargo in the 1970s as a national energy safety net. It’s the world’s largest supply of emergency crude, stored in deep and heavily guarded underground salt caverns along the U.S. Gulf Coast.

1. How much oil ...

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