NPC urges federal oil stockpile and ownership plan
The National Petroleum Council proposed the federal government finance and own about 500 million barrels of strategic oil to guard against future supply disruptions. It backs storing Elk Hills crude in Gulf salt dome caverns and notes the $1.8 to $24 billion price tag while urging action despite free market stance.
MENTIONED IN THIS ARTICLE
Washington
National Petroleum Council
NPC
Naval Petroleum Re
Elk Hills
Calif
Gulf of Mexico
Congress
K Hills
Commerce
Rogers C. B. Mortor
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