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Home » SourceLine News & Insights » Dept. of Energy Update: U.S. Oil Reserves

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Dept. of Energy Update: U.S. Oil Reserves

July 31, 2017 Source

The U.S. Strategic Petroleum Reserve holds almost 690 million barrels of oil along the Gulf of Mexico. This reserve represents the world’s largest supply of emergency crude oil. The Federal Administration has proposed selling 270 million barrels of the reserve oil over the next 10 years.

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