Dossier
70 million barrels
Coverage of 70 million barrels in the Nexus archive.
- The U.S. oil reserve is at a 40-year low — but the government says there’s still plenty of breathing room
The U.S. oil reserve is at a 40-year low, but the government claims there is still ample supply. The Energy Department states the operational minimum for storage caverns is about 70 million barrels, which is significantly lower than estimates from the oil industry.