US considers tapping oil under military bases to refill emergency reserves
Updated
Updated · Bloomberg · May 6
US considers tapping oil under military bases to refill emergency reserves
9 articles · Updated · Bloomberg · May 6
The Trump administration is studying deposits beneath military bases and other Department of War sites, according to a person familiar with the matter.
No decision has been made on the initiative, which would support efforts to replenish the Strategic Petroleum Reserve.
The reserve has been further depleted during the Iran war, prompting the administration to seek what it calls innovative refill options.
Will drilling for oil on military bases trade national security for a new energy source?
Can a century-old military oil strategy truly solve today's global energy crisis?