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Harold Hamm Backs Trump’s Plan to Refill U.S. Oil Reserve

The energy executive warns that delaying the refill could trigger a significant price shock amid shifting energy policies in the United States.

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Terms & Concepts
  • Strategic Petroleum Reserve (SPR): The United States’ emergency crude oil stockpile used to mitigate supply disruptions or price spikes.
  • Price Shock: A sudden and significant change in market prices often caused by unexpected supply or demand disruptions.