gwynraven
What are global strategic petroleum reserves and why are they important?
Oil reserves
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Timmeh
Replied to: What are global strategic petroleum reserves and why are they important?...
Global strategic petroleum reserves are the stockpiles of crude oil held by governments and private industry as insurance against an energy crisis.
replied to: Timmeh
swartzy
Replied to: Global strategic petroleum reserves are the stockpiles of crude oil held...
However, in the case of a sudden drop in oil production, these reserves are expected to last only a few months.