Strategic petroleum reserve: progress after seven years

Technical Report · Thu Jul 01 04:00:00 EDT 1982

OSTI ID:6447437

Glatt, S

The goal of this work is to provide a single source of information on the SPR program, including its legislative and administrative bases, and to provide background for ongoing analyses of stockpiling issues. This report examines the SPR program by focusing on major matters of contention. These include its size, appropriate type of fill, choice of storage facilities, drawdown and distribution plans, procurement policies, financing options, costs, and role of the private sector. It describes the decisions made and actions taken which bear on these and related issues. The paper includes an extensive list of sources of information and analysis. This study brings together many of the major issues to present a comprehensive picture of the program in its development through early 1982. The discussion highlights difficulties in implementing a large, complex economic and engineering program. Chapter 1 gives a description of the background of strategic and critical materials stockpiling in this country, which places the Strategic Petroleum Reserve in its historical context. Chapter 2 examines the specific course of legislation which led to the establishment of the SPR and documents its present status. In Chapter 3, issues addressed by the policy makers are presented and the major issues of the size of the Reserve, types of storage facilities, location of the Reserve, type of fill, oil procurement strategies, drawdown and distribution, financing, industrial and private sector participation, and costs are discussed. The decisions taken and the yet unanswered questions are examined. Lastly, strategic stockpiling efforts in Japan, France, West Germany, Italy, and the Netherlands are reviewed to give a measure of comparison with the US SPR program. (DMC)

• Research Organization: Resources for the Future, Inc., Washington, DC (USA)
• DOE Contract Number: AC01-80PE70267; AC02-76CH00016
• OSTI ID: 6447437
• Report Number(s): DOE/PE/70267-T1; ON: DE83007162
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
024000* -- Petroleum-- Storage-- (-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
CONSTRAINTS
COST
ENERGY SOURCES
FINANCING
FOSSIL FUELS
FUELS
IMPLEMENTATION
INSTITUTIONAL FACTORS
LEGAL ASPECTS
PETROLEUM
POLITICAL ASPECTS
PROCUREMENT
RESERVES
RESOURCES
SITE SELECTION
SIZE
STOCKPILES
STORAGE
STORAGE FACILITIES
STRATEGIC PETROLEUM RESERVE
UNDERGROUND STORAGE