Crude oil pipelines at the US Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas, in 2016.
Crude oil pipelines at the US Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas, in 2016.Photographer: Bloomberg

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.
Published on

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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