WASHINGTON – What to do with a vast government complex of underground salt caverns that once held hundreds of millions of barrels of oil?
As Congress steadily sells off the oil contained within the Strategic Petroleum Reserve – residing 1,000 feet beneath the surface of coastal Texas and Louisiana – Democrats and Republicans are now exploring a concept that would have been inconceivable a decade ago: Allowing others to store oil in unused sections of the reserve.
Under a new bill sponsored by Rep. Joe Barton, R-Ellis, and Rep.
Source: FuelFix
