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ECONOMY-FINANCE

Why does the USA have a large storage of crude oil? Here's why?

Three days before Christmas in 1975, president Gerald Ford signed a law creating the United States' first emergency stash of crude oil. The nation had been traumatized by an oil embargo a few years earlier. At that time, the OPEC, the cartel of oil-producing nations, had a stranglehold on the world's supply of crude.

  1 year ago ago
Why does the USA have a large storage of crude oil? Here's why?

EDUCATION

These methods will help you understand what you read easily

The following steps will help you understand what you read easily, if you follow it carefully and strictly. 1. SQ3R method Survey - scroll through the topic you want to read first. Question - ask questions to your self, or tell friends to ask you questions. Read - thoroughly especially highlighted words. Recall - Bring back what you have read in your memory. Review - Look through everything in the book after reading to find the parts you don't understand well. It may take you up to 2 hours to learn a whole

  2 years ago ago
These methods will help you understand what you read easily

BUSINESS

US suspends 12 million barrel of government owned crude oil sale.

The US Department of Energy has suspended sale of up to 12 million barrels of government-owned crude, due to the recent crash in global oil prices, an agency’s spokeswoman said. “In the light of the recent fluctuations in global oil markets, the US Department of Energy is suspending the recently announced sale of crude oil from the Strategic Petroleum Reserve,” Jess Szymanski, a DOE spokeswoman, said in a statement. “Given current oil markets, this is not the optimal time for the sale.” The suspen

  2 years ago ago
US suspends 12 million barrel of government owned crude oil sale.