Expansion of the strategic petroleum reserve. Amendment No. 2, Energy Action DOE No. 2

Technical Report · Thu Jun 01 04:00:00 EDT 1978

OSTI ID:6810714

The Energy Policy and Conservation Act (EPCA), signed into law on December 22, 1975, authorized the creation of a Strategic Petroleum Reserve (SPR). The objective of the SPR is to provide for the storage of substantial quantities of petroleum in order to diminish U.S. vulnerability to the effects of a severe petroleum supply interruption. The SPR Plan was transmitted to the Congress as Energy Action No. 10 on February 16, 1977, and became effective April 18, 1977. Subsequently, to accelerate the development schedule, Plan Amendment No. 1 was transmitted to the Congress as Energy Action No. 12 on May 25, 1977, and became effective on June 20, 1977. The purpose of this SPR Plan Amendment is to expand the ability of the SPR to protect the United States against supply shortages. The Amendment is to provide for the expansion of the Reserve size from 500 million barrels (MMB) to 1000 million barrels; and provide an implementation plan for the third 250 MMB. The Amendment describes a proposed change to the program and discusses the required implementation activities as well as the benefits and costs of the actions. It also assesses the relevant economic and environmental impacts that would result from implementation. The Amendment does not consider the question of whether or not regional storage should be provided for the East Coast or whether noncontiguous storage should be provided in the State of Hawaii or in Puerto Rico. A reexamination of regional and noncontiguous storage is under way within DOE. The results of these reexaminations will be reported to the Congress.

• Research Organization: Department of Energy, Washington, D.C. (USA)
• OSTI ID: 6810714
• Report Number(s): DOE/RA-0032/3
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
024000* -- Petroleum-- Storage-- (-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ENERGY POLICY AND CONSERVATION ACT
EXPANSION
GOVERNMENT POLICIES
LAWS
LEGISLATION
NATIONAL ORGANIZATIONS
RESERVES
RESOURCES
STORAGE
STRATEGIC PETROLEUM RESERVE
UNDERGROUND STORAGE
US DOE
US ORGANIZATIONS