US mulls drilling for oil under military bases – Bloomberg
Israel
The move is reportedly being considered with an eye toward refilling emergency reserves further depleted amid the war on Iran The administration of US President Donald Trump is considering extracting oil from beneath military bases to refill the depleted Strategic Petroleum Reserve, according to Bloomberg. Created in the mid-1970s, the SPR is an emergency stockpile meant to alleviate oil price spikes in times of supply disruptions. Global oil prices have soared above $100 a barrel in the wake
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