Ignoring oil reserves would be a silly way of storing value, as it is an asset that requires years of work to access and is thus is extremely illiquid. Even the

Ignoring oil reserves would be a silly way of storing value, as it is an asset that requires years of work to access and is thus is extremely illiquid. Even then, once production wells are completed, the value trickles out slowly over time, limiting its usefulness. If you actually want a strategic store of value, you would pump the oil, sell it, and store the proceeds in liquid assets, where the sum total of the value extracted is available instantly. Further, there is no shortage of oil reserves globally, so the "save it for later" argument makes little sense.