HeyJaredTimothy Gardner
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Depleted US oil stash loses potency as Iran war grinds on (opens the original)
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Trumpâs administration has announced a deal giving the US greater control over Venezuelaâs oil reserves. Six months into the U.S.-Israeli war with Iran, Washington may find it harder to calm jittery oil markets after U.S. presidents drained the aging Strategic Petroleum Reserve over the last five years. The SPR, which Washington created after the oil crises of the 1970s, holds crude in a series of 60 underground salt caverns along the coasts of Texas and Louisiana. After years of releases by
Depleted US oil stash loses potency as Iran war grinds on | Jefferson City News-Tribune (opens the original)
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WASHINGTON/HOUSTON - Six months into the U.S.-Israeli war with Iran, Washington may find it harder to calm jittery oil markets after U.S. presidents drained the aging Strategic Petroleum Reserve over the last five years. The SPR, which Washington created after the oil crises of the 1970s, holds crude in a series of 60 underground salt caverns along the coasts of Texas and Louisiana. After years of releases by former President Joe Biden and President Donald Trump, the reserve is at its lowest lev
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