The single most important energy objective for the US today is to resolve our internal differences and put ourselves on the road toward energy independence.” These were the words of Gerald R. Ford, the 38th President of the US soon after he signed the Energy Policy and Conservation Act on December 22, 1975.
One of the key features of the Act was the establishment of the strategic petroleum reserve (SPR), a desperate measure by the US to stockpile emergency oil. This came after the 1973 oil crisis instigated by Arab members of the Organisation of Petroleum Exporting Countries (OPEC) imposing
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