Is the Strategic Petroleum Reserve Going Away?

Is the Strategic Petroleum Reserve Going Away?

Last year, the Energy Department released a report saying that the U.S. Strategic Petroleum Reserve (SPR) is becoming increasingly effective.

In this clip from Industry Focus: Energy, Motley Fool analysts Sarah Priestley and Taylor Muckerman look at the history of the SPR, why the Energy Department is thinking about nixing the program, and what it could mean for the oil industry if the U.S. eliminates the stores.

A full transcript follows the video.

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Source: Fool.com