Naval Petroleum Reserves: assessment of alternative operating strategies beyond 1982

Technical Report · Sat Aug 01 04:00:00 EDT 1981

OSTI ID:5916428

Gsellman, L R; Mendis, M S; Rosenberg, J I

Legislation authorizing production from two Naval Petroleum Reserves, i.e., NPR-1 (Elk Hills, California) and NPR-3 (Teapot Dome, Wyoming), expires in 1982. This paper presents an assessment of the trade-offs of extending production or returning to a shut-in status. Strategic, economic, and energy factors at the national, regional, and local levels are considered. The results of the study indicate that the only major local impact of shut-in will be on small refineries near NPR-1. At the national level, shut-in increases the size of the national petroleum reserve system. However, economic losses as measured by changes in the present value of real GNP also occur. The estimate of the increase in the size of the national petroleum reserve with shut-in of the NPRs was found to be most sensitive to the assumed length of future import interruptions.

• Research Organization: Mitre Corp., McLean, VA (USA). METREK Div.
• DOE Contract Number: AC01-80RA32101
• OSTI ID: 5916428
• Report Number(s): MTR-81W225; ON: DE82000392
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
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CALIFORNIA
ECONOMIC ANALYSIS
ECONOMIC IMPACT
ECONOMICS
ENERGY SUPPLIES
NAVAL PETROLEUM RESERVE
NORTH AMERICA
PRODUCTION
RESERVES
RESOURCES
ROCKY MOUNTAIN REGION
STORAGE
UNDERGROUND STORAGE
USA
WESTERN REGION
WYOMING