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Tag Archives: strategic oil reserve
Drain America First
Pres Obama decided to start depleting the Strategic Petroleum Reserve (SPR). This week he announce that he was going to drain 30 M bbl (1 bbl means 1 barrel or 150L ) oil we have stored for emergency use. This … Continue reading
Posted in Natural Resources Tagged Drain America First, Fox News, gas prices, IEA, Libya, Obama, strategic oil reserve, strategic petroleum reserve 5 Comments
Are Strategic Oil Reserves obsolete?
The Strategic Petroleum Reserve (SPR) is a pool of crude oil that we squirreled away over the years, to help us out in time of crisis. Recently, President Obama suggested that some of this resource might be used to help … Continue reading