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Does the US really need all the oil stashed in the Strategic Petroleum Reserve?

Commodities | Energy | Electric Power | Nuclear | Energy Transition | Emissions | Renewables | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Refined Products | Metals | Non-Ferrous | Steel Raw Materials

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Metals

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Energy | Energy Transition | Natural Gas | Electric Power | Oil | Hydrogen | Shale Gas | Nuclear | Emissions | Electricity | Renewables | Crude Oil

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Agriculture | Grains | Energy | LNG

High natural gas prices could lead to spike in food costs through fertilizer link

Listen: Does the US really need all the oil stashed in the Strategic Petroleum Reserve?

On this week’s Capitol Crude podcast, Platts senior editors Herman Wang and Brian Scheid ask if the hundreds of millions of barrels of crude oil stashed away by the US government may indicate a hoarding problem. The Strategic Petroleum Reserve, hidden away in Louisiana and Texas, was born of an era of oil embargoes and shortages. But the Department of Energy is now reevaluating the SPR’s role in light of prolific domestic shale oil production. Find out how even the location of the reserves and type of oil in the SPR are being called into question.


Check back every Monday for the latest analysis of US oil policy
news from leading Platts editors covering the Capitol. E-mail the editors at brian.scheid@platts.com and herman.wang@platts.com.


We welcome any feedback or suggestions for topics. Contact us at webeditor@platts.com.