Strategic Petroleum Storage Created After Arab Oil Ban

The Strategic Petroleum Reserve (SPR) is part of the power debate after the first Arab oil embargo.

A.D. In the 1973 Arab-Israeli war, members of the Organization of the Petroleum Exporting Countries (OPEC) imposed sanctions on the United States in retaliation for US decision to withdraw its troops from Israel. Shortages of crude oil and petroleum products have led to rapid inflation and long queues at petrol pumps.

The embargo underscores the country’s dependence on oil imports from friendly Arab countries. Political leaders in Washington have decided to implement policies designed to save oil production, such as the 55-hour-speed limit and fuel economy standards.

The federal government has also passed a law creating SPR.

One of SPR’s main missions is to maintain sufficient oil reserves to meet US obligations under the International Energy Program. US Net Import Protection Protection. The US Department of Energy calculates this value by dividing the SPR inventory by the sum of its imports of refined crude oil and petroleum products (IAA).

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