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Strategic Petroleum Reserve Dynamics
This chapter examines the political and historical dynamics surrounding the Strategic Petroleum Reserve (SPR), tracing its origins from the 1970s oil crisis to its modern-day relevance. It discusses the evolution of U.S. domestic oil production, geopolitical influences like the Ukraine invasion, and the impact of price volatility on energy stability. The conversation also addresses the challenges of transitioning to clean energy while maintaining a robust supply chain for essential minerals, with a particular focus on China's market dominance.