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00:03The U.S. Strategic Petroleum Reserve has fallen below 300 million barrels for the first time since the early 1980s
00:08as the government releases 172 million barrels in response to the Iran war.
00:14The drawdown is expected to leave about 243 million barrels in the reserve.
00:20Experts warned that rapid releases and repeated drawdowns could damage the underground salt caverns
00:25and reduce the reserve's ability to respond quickly to future emergencies.
00:30The Energy Department disputed claims that the caverns face collapse and said the reserve is being safely managed.
00:35The Government Accountability Office has warned that repeated drawdowns can alter cavern shapes
00:39and reduce their long-term viability.
00:42For all things money, visit Benzinga.com.
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