Strategic Petroleum Reserve Created: America Stockpiles Oil
President Ford signed legislation creating the Strategic Petroleum Reserve in response to the Arab oil embargo that had paralyzed the American economy. The reserve, stored in massive salt caverns along the Gulf Coast, gave the United States an emergency buffer of up to 700 million barrels that has been tapped during every major supply disruption since.
December 22, 1975
51 years ago
Key Figures & Places
What Else Happened on December 22
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