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The Strategic Petroleum Reserve: An Underappreciated National Security Asset

November 5, 2018 by Rebecca Strauss Energy Fossil Fuels International

By Alex D. Pappas, Staff Contributor

Proposals to reform an emergency storage repository for crude oil known as the Strategic Petroleum Reserve (“SPR”) abound as President Trump and lawmakers react to changing oil market dynamics. As the policy goals and technical utilization of the SPR are evaluated, policymakers could benefit from additional assessment of the costs and benefits of SPR modifications that could imperil an essential national security asset.