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

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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.

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