Risk glossary

 

Strategic petroleum reserve (SPR)

Stockpiles of crude oil owned and controlled by the US government. The SPR exists to protect the US from the effects of interruptions in the supply of oil and can only be accessed by order of the US President. As of March 2011, the SPR consisted of around 727 million barrels of oil stored in underground salt caverns along the coast of the Gulf of Mexico.

  • LinkedIn  
  • Save this article
  • Print this page