One of the sites for the Department of Energy's Strategic Petroleum Reserve lies within salt caverns 2,000 feet below the ground near Freeport, Texas. Jeff Brady/NPR hide caption

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Low Oil Prices Fuel Reconsideration Of Petroleum Reserves

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T. Boone Pickens, founder and chairman of BP Capital Management, participates in a discussion during a "birthday bash" last year in Oklahoma City. Alex Wong/Getty Images hide caption

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Is American Oil 'Dead'? T. Boone Pickens Says Yes ... But Only For Now

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Oil rigs extract petroleum in Culver City, Calif., on May 16, 2008. Gabriel Bouys/AFP/Getty Images hide caption

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Before Hollywood, The Oil Industry Made LA

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About 40 percent of Russia's food is imported. As the value of the ruble has declined, prices at grocery stores have risen. Anadolu Agency/Getty Images hide caption

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In Russia, The Oil Price Drop Hits Putin's Base Hard

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An oil field truck is used to make a transfer at oil-storage tanks in Williston, N.D., in 2014. It was atop tanks like these that oil worker Dustin Bergsing, 21, was found dead. Eric Gay/AP hide caption

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Mysterious Death Reveals Risk In Federal Oil Field Rules

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An oil drilling rig near Williston, N.D., in 2014. The U.S. has joined Saudi Arabia and Russia as one of the world's top oil producers. But the benefits that many forecasters predicted have not materialized. Eric Gay/AP hide caption

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The U.S. Is Pumping All This Oil, So Where Are The Benefits?

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Consumers have been benefiting from lower gas prices. Here, prices dip below $2 per gallon at an Exxon station in Woodbridge, Va., on Jan. 5. Saul Loeb/AFP/Getty Images hide caption

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Why Cheap Gas Might Not Be Good For The U.S. Economy

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Rob Oberg delivers oil to a home in south central Vermont. He works for Keyser Energy in Proctor, Vt., which provides heating fuel to about 5,000 customers. Nina Keck/Vermont Public Radio hide caption

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Homeowners Who Played The Odds On Oil Heating Costs Lose Out

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The Tesoro Refinery at Nikiski in Kenai, Alaska, in 2008. Farah Nosh/Getty Images hide caption

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Alaska Faces Budget Deficit As Crude Oil Prices Slide

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The price of oil is displayed in downtown Midland, Texas, in February. Across the state, drilling budgets have been cut and companies have laid off workers. Spencer Platt/Getty Images hide caption

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Massive Downsizing In Oil Sector Brings Acute Pain For The Holidays

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Shell's Jack Pine Mine near Fort MacKay, Alberta. The largest trucks, called "heavy haulers," can hold 400 tons of oil sands material. It takes 2 tons to produce one barrel of oil. Jeff Brady/NPR hide caption

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Between Cheap Gas And Carbon Caps, Oil Sands Face Uncertain Fate

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