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

As U.S. president, Joe Biden has a rarely used but potentially powerful tool to make up for supply shortages or economically damaging price spikes: 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.

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