Status of strategic petroleum reserve activities as of June 30, 1983
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Status of strategic petroleum reserve activities as of June 30, 1983 report by United States. General Accounting Office

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Published by The Office in Washington, D.C .
Written in English

Subjects:

  • United States. -- Strategic Petroleum Reserve.,
  • Petroleum reserves -- United States.,
  • Oil fields -- United States.

Book details:

Edition Notes

Statementby the U.S. General Accounting Office.
The Physical Object
Pagination3, [1], 23 p. :
Number of Pages23
ID Numbers
Open LibraryOL17662960M

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Status of Strategic Petroleum Reserve Activities as of J RCED Published: Publicly Released: STATUS OF STRATEGIC PETROLEUM RESERVE ACTIVITIES AS OF J The Energy Policy and Conservation Act (Public Law , Dec. 22, , as amended, authorized the creation of the Strategic Petroleum Reserve (SPR) to store up to 1 billion barrels. The Strategic Petroleum Reserve (SPR), the world's largest supply of emergency crude oil, was established primarily to reduce the impact of disruptions in supplies of petroleum products and to carry out obligations of the United States under the international energy program. The federally-owned oil stocks are stored in huge underground salt. The CSIS Energy and National Security Program is pleased to host a discussion on the future of the Strategic Petroleum Reserve (SPR) and the global strategic stocks system. Keynote address by: Christopher A. Smith Assistant Secretary for Fossil Energy at the U.S. Department of Energy Panel discussion including: Bob Corbin Deputy Assistant Secretary at the Office of Petroleum .

  Source: U.S. Energy Information Administration, based on Strategic Petroleum Reserve Note: Volumes sold in fiscal years through under the Bipartisan Budget Act of Section are estimates based on projected prices of West Texas Intermediate crude oil in the February Short-Term Energy Outlook and Annual Energy Outlook @article{osti_, title = {Strategic Petroleum Reserve. Annual report}, author = {Not Available}, abstractNote = {This report covers Strategic Petroleum Reserves (SPR) developmental activities during the calendar year. It is presented in three sections along with an Appendix. The introductory section briefly covers the legislative basis for the SPR Program .   US Crude Oil in the Strategic Petroleum Reserve Stocks is at a current level of M, up from M last week and down from M one year ago. This is a change of % from last week and % from one year ago. The Congress authorized the Strategic Petroleum Reserve in to store up to 1 billion barrels of oil that could be withdrawn from storage and distributed to replace lost imports if U.S. oil supplies were disrupted. After expenditures of nearly $18 billion, the Reserve is expected to contain about File Size: 6MB.

During the years that the Strategic Petroleum Reserve has existed, crude oil has been acquired from 25 countries. The oil is categorized as either "sweet" (with a sulfur content not exceeding percent by weight) or "sour" (with a sulfur content greater .   The Strategic Petroleum Reserve is an emergency stockpile of oil. The U.S. Department of Energy stores it for use in a crisis. The SPR was created in in response to the OPEC oil in Congress question whether it is still necessary. The Aug , Strategic Petroleum Reserve Quarterly Report describes activities undertaken with respect to the development of the Reserve during the period April 1, through J The program background and major activities of .   Martin Young, “US SPR’s International role,” International Energy Agency, presentation at the “The Future of the Strategic Petroleum Reserve,” The Center for .