Aging infrastructure and record-low inventories could undermine future crisis response, the GAO has said
The US Strategic Petroleum Reserve (SPR) is at a growing risk of failing to respond effectively to future energy crises because of aging infrastructure and record-low inventories, the Government Accountability Office has warned.
The US Congress created the SPR in 1975 after the Arab oil embargo to provide the US with an emergency buffer against severe supply disruptions. The reserve, which in theory can hold more than 700 million barrels of crude oil in underground salt caverns along the Gulf Coast in Texas and Louisiana, has been tapped…
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