Geologist Scott Montgomery tells The Conversation Weekly podcast how strategic oil reserves work and why the U.S. keeps oil in underground salt caverns.
Articles on Strategic Petroleum Reserve
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Nations’ stores of petroleum can dampen price shocks in the short term, but as reserve supplies dwindle, economic pain may continue.
Biden vowed ‘no more drilling on federal lands,’ but Russia’s war on Ukraine and pressures at home are hard to ignore.
The total release could reach 180 million barrels over six months, which would make it the biggest in the history of the Strategic Petroleum Reserve.
Biden ordered the release of 50 million barrels of crude oil to tamp down rising gas prices, the largest drawdown in the reserve’s history.
Permanently protecting large, mature forests is a faster and cheaper way to stabilize Earth’s climate than complex carbon capture and storage schemes, and more effective than planting new trees.
There’s no precedent for selling oil from the Strategic Petroleum Reserve at a time when there’s no market-driven reason for doing that.
It’s been done before but tapping the Strategic Petroleum Reserve – particularly when prices for oil are low – isn’t the best way to fund the Highway Trust Fund.
Top contributors
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Lecturer in International Studies, University of Washington
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Associate Professor of History, Case Western Reserve University
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Mervin Bovaird Professor of Energy Business and Finance (retired), University of Tulsa
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Professor Emeritus of Global Change Biology and Terrestrial Systems Science, Oregon State University
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Professor Emeritus of International Environmental Policy, Tufts University
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Host, The Conversation Weekly Podcast, The Conversation