US SPR is at a forty-year low. Should that be a source of concern? Perhaps not. As the world’s largest crude producer, USA is self-reliant on crude oil. SPR stands at 188 days of net imports.
What is covered in the Full Insight:
Dominant US Crude Production
A Brief History of US SPR
Lower SPR no longer a Concern due to Rising US Oil Production
Growth in US Oil Exports
US Abandons Attempt to Refill SPR due to High Oil Prices
SUMMARY
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