Since 2000, the United States has taken steps toward developing strategic stocks of emergency oil product reserves to safeguard supply from international crises and local events such as natural disasters. In recent decades, many International Energy Agency member states, including the United States, have emphasized product stockholding to facilitate rapid local emergency supply distribution. In his report, Strategic Oil Product Stockholding: International Experience and American Prospects, Global Energy Center Nonresident Senior Fellow Phillip Cornell provides in-depth analysis of the US case and identifies strategic product stockholding practices of countries around the world, from the Netherlands to India and China.
