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As Oil Prices Surge, US Has 638 Million Barrels Underground in These 2 States

As Oil Prices Surge, US Has 638 Million Barrels Underground in These 2 States Douglas A. McIntyre © Provided by 24/7 Wall St. With West Texas Intermediate (WTI) crude oil prices at a 52-week high of $66.42 a barrel, the U.S. Department of Energy announced last week that it had awarded contracts for sales of 10.1 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR). The expected end of the COVID-19 pandemic, combined with restricted production from the O...
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Source: msn.com

Avery Island, Louisiana: History behind the salt domes

Lance Begnaud II, 27, of Broussard, and Rene Romero Jr., 41, of New Iberia, died from injuries sustained in the Dec. 14 collapse at the mine operated by Cargill Deicing Technologies. Avery Island is a salt dome surrounded by marsh in lower Iberia Parish, which borders the Gulf of Mexico. "Its not an island in the traditional sense. That is, its not surrounded by a body of open water," Shane Bernard, historian and curator for the McIlhenny Co., wrote on his blog in 2016. "In fact, its located...
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