U.S. strategic reserves are getting so low it threatens damaging the 60 underground salt caverns storing American oil
“We should be highly concerned about the integrity of the caverns anytime crude inventories drop below 300 million barrels,” one petroleum engineering professor warned.
“We should be highly concerned about the integrity of the caverns anytime crude inventories drop below 300 million barrels,” one petroleum engineering professor warned.
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Why it matters
The depletion of U.S. strategic oil reserves to levels that threaten the integrity of the storage caverns is a notable market event with potential implications for energy security and commodity markets, but it does not directly alter credit market conditions or regulatory frameworks.
Sources
Fortune
U.S. strategic reserves are getting so low it threatens damaging the 60 underground salt caverns storing American oil
“We should be highly concerned about the integrity of the caverns anytime crude inventories drop below 300 million barrels,” one petroleum engineering professor warned.