Crude oil pipelines at the US Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas, in 2016.Photographer: Bloomberg
Global Investing
Draining the reserve: How politics are leaving America vulnerable to an oil crisis - Javier Blas
US oil reserve dwindles as politicians misuse it for spending, risking national energy security and global stability.
Key topics:
US oil reserve is nearly half-empty, risking energy security.
SPR barrels were sold to fund unrelated government spending.
Refilling the reserve could cost $30B - far above current budgets.
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