In Wheel Time - Cartalk Radio

Curious about the real story behind the United States Strategic Petroleum Reserve? Join us in a detailed conversation with Dr. Sheldon Jacobson, a professor of computer science at the University of Illinois, as he unpacks the history, purpose, and current status of this critical national resource. From its establishment during the oil crisis of the mid-1970s to its significant role in stabilizing both physical supplies and consumer confidence, we leave no stone unturned. Dr. Jacobson explains the dynamics of domestic oil production, the importance of fracking, and Canada's contribution to our oil imports, all while shedding light on the consequences of recent strategic sell-offs that have left the reserve at roughly half its capacity.But that's not all—our episode takes a global turn as we examine the broader energy landscape and its geopolitical stakes. With Dr. Jacobson, we dissect the rebranding of major oil refiners, the critical role of oil beyond just fueling cars, and the ongoing conflicts in