The Strategic Petroleum Reserve (SPR) is an emergency stockpile of petroleum maintained by the United States Department of Energy (DOE). It is the largest known emergency supply in the world, and its underground tanks in Louisiana and Texas have capacity for 714 million barrels (113,500,000 m3).[1] The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973–1974 oil embargo, to mitigate future supply disruptions. https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_(United_States)
My understanding is OPEC is scheduled to meet in early December - let's see what their response, if any, is to Pres Biden's move.
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