US plans to overhaul emergency oil reserve
Modernising the underground salt caverns would allow for speedier releases
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Freeport, Texas
THE United States boasts the world's largest stash of emergency oil supplies, yet the country's ability to influence global crude markets with releases from that reserve has waned.
The Obama administration hopes to fix that problem with an overhaul of the Strategic Petroleum Reserve, or SPR, and details about its plans should be revealed in coming weeks.
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