'Massive US Oil Caverns' Are Now Empty, Will Take 'Decades To Refill' Thanks To Biden
"DOE's mismanagement of the SPR has undermined America's energy security, leaving the nation more vulnerable..."
Transport is the sector that will be impacted.
Prices will be so high that we won't even consider driving or flying during this period.
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The rate of filling the SPR is slow at best. Originally, the Gulf Coast salt caves that comprise this reserve were designed for a lifespan of 25 years. The risk of cavern collapse increases with every drawdown and fill. The maintenance issues and the rising costs of the $1.4 Billion modernization program add to the strain on the reserve.
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