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Strategic Petroleum Reserve
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Editors: Albert L. Strait
Book Description:
The Strategic Petroleum Reserve (SPR) was created in 1975 to help protect the U.S. economy from oil supply disruptions and it currently holds about 700 million barrels of crude oil. The Energy Policy Act of 2005 required the Department of Energy to expand the Strategic Petroleum Reserve's maximum storage capacity to 1 billion barrels of crude oil. As the Department of Energy (DOE) begins to expand the SPR, past experiences can help inform future efforts to fill the reserve in the most cost-effective manner. Thus, this book will focus on the factors that experts recommend be considered when filling and using the SPR, to what extent the SPR can protect the U.S. economy from damage during oil supply disruptions and under what circumstances would an SPR larger than its current size be warranted. As part of this book, GAO developed oil supply disruption scenarios, used models to estimate potential economic harm, and convened 13 experts in conjunction with the National Academy of Sciences.

This is an edited, excerpted and augmented edition of a GAO and U.S. Department of Energy publication.

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Table of Contents:
Preface

Chapter 1: The Strategic Petroleum Reserve: History, Perspectives, and Issues (pp. 1-18)
(Robert Bamberger)

Chapter 2: Strategic Petroleum Reserve: Improving the Cost-Effectiveness of Filling the Reserve (pp. 19-31)
(Frank Rusco)

Chapter 3: Strategic Petroleum Reserve: Available Oil Can Provide Significant Benefits, but Many Factors Should Influence Future Decisions about Fill, Use, and Expansion (pp. 33-96)
(GAO)

Chapter 4: Expansion of the Strategic Petroleum Reserve (pp. 97-104)
(U.S. Dept. of Energy, Office of Inspector General, Office of Audit Services)

Chapter 5: Strategic Petroleum Reserve - Quick Facts and Frequently Asked Questions (pp. 105-114)
(U.S. Dept. of Energy)

Chapter 6: Expanding the Nation's Strategic Petroleum Reserve (pp. 115-119)
(U.S. Dept. of Energy)

Chapter Sources

Index

   Series:
      Energy Policies, Politics and Prices
   Binding: Softcover
   Pub. Date: 2011
   Pages: 6x9 - 151 pp.
   ISBN: 978-1-60692-290-3
   Status: AV
  
Status Code Description
AN Announcing
FM Formatting
PP Page Proofs
FP Final Production
EP Editorial Production
PR At Prepress
AP At Press
AV Available
  
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Strategic Petroleum Reserve