Strategic Petroleum Reserve quarterly report, (January 1, 1992--March 31, 1992)

Technical Report · Fri May 15 04:00:00 EDT 1992

OSTI ID:7170632

The Strategic Petroleum Reserve (SPR) was created pursuant to the Energy Policy and Conservation Act (Public Law 94-163), approved on December 22, 1975, and extended in July 1985, June 1989, March 1990, and September 1990, to reduce the impact of disruptions in petroleum supplies and to carry out obligations of the United States under the Agreement on an International Energy Program. The Strategic Petroleum Reserve Quarterly Report is submitted in accordance with section 165(b) of the Energy Policy and Conservation Act, as amended, which requires that the Secretary of Energy submit quarterly reports to Congress on activities undertaken with respect to the Strategic Petroleum Reserve. Since the Strategic Petroleum Reserve crude oil storage program for the 750 million barrels was completed in 1991, this May 15, 1992, Strategic Petroleum Reserve Quarterly Report focuses on activities related primarily to the storage facilities status, oil acquisition, budget, and cost of the Reserve during the period January 1, 1992, through March 31, 1992. On February 24, 1992, Secretary James D. Watkins announced that he had directed the Department to reenter the international spot market to resume fill of the Strategic Petroleum Reserve. Oil purchases for the Strategic Petroleum Reserve were suspended on August 2, 1990, when Iraq's invasion of Kuwait raised concerns about the stability of world petroleum supplies. On March 17, 1992, a solicitation for offers to deliver crude oil to the Reserve was issued by the Defense Fuel Supply Center, the Department's crude oil purchasing agent for the Strategic Petroleum Reserve.

• Research Organization: USDOE Assistant Secretary for Fossil Energy, Washington, DC (United States). Office of Strategic Petroleum Reserve
• Sponsoring Organization: DOE; USDOE, Washington, DC (United States)
• OSTI ID: 7170632
• Report Number(s): DOE/FE-0259P(1992); ON: DE93000476
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
022000* -- Petroleum-- Transport
Handling
& Storage
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
BUDGETS
CAVITIES
COST
DOCUMENT TYPES
ENERGY SOURCES
FOSSIL FUELS
FUELS
MANAGEMENT
PETROLEUM
PROCUREMENT
PROGRAM MANAGEMENT
PROGRESS REPORT
RESERVES
RESOURCES
SALT CAVERNS
STORAGE
STORAGE FACILITIES
STRATEGIC PETROLEUM RESERVE
UNDERGROUND STORAGE