The depleted US oil reserve heightens vulnerability to future supply shocks, potentially increasing market volatility and energy insecurity. The post US Strategic Petroleum Reserve hits 40-year low as Iran tensions drain emergency stockpile appeared first on …
The SPR has fallen to 316.5 million barrels, its lowest level since 1983, while the administration promises replenishment at no taxpayer cost America’s emergency oil piggy bank is running about as lo…