You are currently viewing Why the U.S. Stores About 400 Million Oil Barrels in Caves | WSJ

Why the U.S. Stores About 400 Million Oil Barrels in Caves | WSJ


After authorizing the largest release ever from the U.S. emergency strategic petroleum reserve, the Biden administration is signaling it will soon try to refill the stockpile. WSJ explains how this strategy can lower gas prices, and why some are skeptical that it will work.

Illustration: Jacob Reynolds

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