Strategic Reserve is the reserve of a commodities such as a crude oil that is controlled and maintained by the government to protect a country’s economic and National Security.
Related Definitions in the Project: The Plant and Process Unit; Upstream Engineering
Example Article of the Strategic Reserve:
What’s Next For America’s Strategic Petroleum Reserve? (Source: Oil Price on 5 April 2022): By Robert Rapier - I have often noted that presidents have few ways to impact gasoline prices in the short term. However, one of the ways they can make a short-term impact is to release oil from the nation’s Strategic Petroleum Reserve (SPR). The U.S. created the SPR in 1975 following the 1973–1974 oil embargo, to protect against future oil supply disruptions. Although it is supposed to be used for severe supply disruptions, politicians have historically used it to try to stem rising gasoline prices — especially in election years. Thus, in this election year — and with gasoline prices on the rise — one of my 2022 predictions was “The Biden Administration will announce additional releases of oil from the SPR ahead of the midterm elections.” ...
