Investment Term For The Day - The Global Strategic Petroleum Reserves

21/03/2022 1 min
Investment Term For The Day - The Global Strategic Petroleum Reserves

Listen "Investment Term For The Day - The Global Strategic Petroleum Reserves"

Episode Synopsis

The global strategic petroleum reserves are stockpiles of crude oil maintained by nations and by private industries as a hedge against potential future energy crises. The U.S. government has tapped its own Strategic petroleum reserve after a number of disasters that threatened to disrupt the flow of oil to industry and consumers.Global strategic petroleum reserves are maintained as a defense against any event that severely decreases or disrupts future oil production. These can include any physical or economic actions that disrupt any part of the production process, from exploration and development to refining.Become a supporter of this podcast: https://www.spreaker.com/podcast/investment-terms--4432332/support.