Strategic Petroleum Reserve Plan. Amendment No. 1. Acceleration of the development schedule. Energy action No. 12

Technical Report · Wed Jun 01 04:00:00 EDT 1977

OSTI ID:7096535

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 purpose of this Amendment to the Strategic Petroleum Reserve Plan, which was transmitted to Congress as Energy Action No. 10 on February 16, 1977, and became effective April 18, 1977, is to present an accelerated schedule for the Reserve's development. This Amendment is to accelerate the development schedule to have 500 million barrels (MMB) of oil in storage by the end of 1980. This Amendment describes the proposed acceleration of the SPR and discusses briefly the implementation activities necessary to achieve the objective. The benefits and costs of the proposed action are estimated. The economic and environmental impacts of the modified program are also assessed within this report.

• Research Organization: Federal Energy Administration, Washington, DC (USA)
• OSTI ID: 7096535
• Report Number(s): FEA/S-77/225
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
024000* -- Petroleum-- Storage-- (-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
290700 -- Energy Planning & Policy-- Transport & Storage
294002 -- Energy Planning & Policy-- Petroleum
ENERGY SOURCES
ENERGY SUPPLIES
ENVIRONMENTAL IMPACTS
FOSSIL FUELS
FUELS
LEGISLATION
PETROLEUM
RESERVES
RESOURCES
STORAGE
STRATEGIC PETROLEUM RESERVE