Strategic Petroleum Reserves

09/04/19

“How do nations handle reserves for fuels in case of a national crisis?”

Petroleum drives a substantial portion of the global economy, whether it be for moving cars or making plastics. But if a national crisis breaks out, petroleum supplies can be disrupted, leaving devastating consequences for a nation. For this reason, countries have Strategic Petroleum Reserves which allows them to have access to fuel supplies in case an emergency comes up.