U.S. Emergency Oil Stockpile Not Just for Supply Shocks Anymore

摘要

The U.S. Strategic Petroleum Reserve now may have a secondary mission helping the country endure crashes incrude demand after decades being used to help the U.S. weather oil supply shocks, a top Energy Dept official says.1.“With the advent of Covid and the potential for another pandemic” to cause plummeting demand, the dept isevaluating a secondary mission for the SPR helping remove excess crude from an oversupplied market,Assistant Secretary for Fossil Energy Steve Winberg says during a Western Caucus Foundation webinar.