Do we have a bunch of oil stored up in case we can’t get it anymore?



  1. 0 Votes

    Yes, there is a storage program in the US called the Strategic Petroleum Reserve.  This was established to help in cases of emergency for essential services such as heating.  The reserve has a stock of around 727 million barrels of oil, holding a current value of $85.5 billion USD.

  2. 0 Votes

    Note that 727 million barrels represents about 38 days at current US consumption rates.

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