The Strategic Petroleum Reserve: A Brief History
Resource acquisition is a vital part of any countries economic strategy. In uncertain times, you can’t have enough resources particularly when it comes to hard assets such as precious metals, Bitcoin and oil. Enter, the Strategic Petroleum Reserve. The U.S. Strategic Petroleum Reserve (SPR), a should be robust fortress of emergency oil reserves designed as a bulwark against sudden and severe energy disruptions, has for years been a prominent fixture in U.S. energy policy. Enshrined in law in December 1975, post the 1973 OPEC oil embargo, the SPR’s primary purpose has always been to reduce the impact of significant energy