U.S. Oil Reserves Near Critical Level
The U.S. Strategic Petroleum Reserve is on the verge of reaching its lowest levels since the early 1980s, having fallen below 300 million barrels after releasing 172 million barrels to offset supply disruptions caused by the war with Iran. The oil is stored in 60 salt caverns in Texas and Louisiana, located thousands of feet underground, with the United States being the largest owner of this reserve. Experts warn that intensive withdrawal could damage the caverns' structure and make rebuilding the reserve in the future more difficult, with some specialists believing that dropping the stockpile to this level poses a genuine technical risk.
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