Expansion Will Bring Reserve To a Billion Barrels of Crude

September 2005
ENR: Engineering News-Record;9/19/2005, Vol. 255 Issue 11, p24
Trade Publication
This article reports that the expansion of the Strategic Petroleum Reserve (SPR), mandated by the month-old Energy Policy Act, has begun at the same time Hurricane Katrina has forced the U.S. to tap the reserve to supply refineries unable to import crude through devastated Gulf Coast ports. The energy act, signed on August 8, directed expansion of SPR from 727 million barrels to one billion. The Department of Energy launched the project with a September 1 notice in the Federal Register, announcing its proposal to expand capacity at three SPR sites and build one new one.


Related Articles

  • RESEARCH AND DEVELOPMENT: DOE Could Enhance the Project Selection Process for Government Oil and Natural Gas Research.  // GAO Reports;1/9/2009, preceding p1 

    The article reports on the findings of an evaluation on research and development (R&D) activities of the U.S. Department of Energy (DOE) for the oil and gas industry in the U.S. It is revealed that from 1997-2006, the oil and gas industry spent $20 billion on R&D, and focused on near-term...

  • Spreading Oil Scandals They could involve billions of dollars.  // Time;7/24/1978, Vol. 112 Issue 4, p51 

    The article focuses on the issue about the illegal and expensive selling of low-priced old oil in the U.S. It states that a prominent lawyer in Houston, Texas has been complaining about the issue and suggested the need to conduct an investigation to oil companies. Moreover, it mentions that the...

  • Energy Department advances SPR expansion. KAMALICK, JOE // Chemical Market Reporter;9/12/2005, Vol. 268 Issue 8, p8 

    Reports that the United States Department of Energy will advance efforts to expand capacity of the Strategic Petroleum Reserve (SPR) with public hearings to be held in Mississippi, Louisiana and Texas in October 2005. Reserve's actual capacity prior to Hurrican Katrina; Submission of general...

  • Commercial oil companies find relief from tapping reserve. Slawsky, Richard // New Orleans CityBusiness (1994 to 2008);10/4/2004, Vol. 25 Issue 14, p8 

    Reports that oil futures declined after the United States government used the Strategic Petroleum Reserve (SPR) to plug gaps in production due to Hurricane Ivan. Estimated volume of oil production that remained shut after the storm; Increase in US inventories of crude; Average crude oil imports.

  • Crude behavior. Prince, Ted // Journal of Commerce (1542-3867);6/5/2006, Vol. 7 Issue 23, p26 

    Comments on the rising fuel prices in the U.S. Impact of the increased competition for oil reserves on the oil crisis; Way by which the Energy Policy Act of 2005 has contributed to the increase in fuel prices; Reasons behind the ethanol price hike; Implications of the increasing shortage of...

  • DOE future hangs in balance.  // National Petroleum News;Jan95, Vol. 87 Issue 1, p7 

    Reports on President Bill Clinton's announcements concerning budget cuts in the Department of Energy. Total dissolution of the budget; Middle-class tax cut plans; Information on oil and gas supplies, prices and trends.

  • Katrina hits markets, but is there a silver lining? Baker, John // European Chemical News;9/5/2005, Vol. 83 Issue 2161, p7 

    Focuses on the impact of the devastation of Hurricane Katrina in the U.S. Gulf Coast on the petroleum industry. Reasons behind the decision of the government to release oil from its Strategic Petroleum Reserve; Predicted increase in prices of petrochemical products; Expectations on the economic...

  • US Department of Energy releases oil reserve sales results.  // World Energy News;3/18/2014, p21 

    The article presents information on the results released from the bid of the U.S. Department of Energy to sell 5 million barrels of oil from the Strategic Petroleum Reserve.

  • Senate Republicans Question DOE Budget Boost, Priorities. LOBSENZ, GEORGE // Energy Daily;2/17/2011, Issue 33, p1 

    The article reports that Republicans on the Senate Energy and Natural Resources Committee questioned U.S. Department of Energy (DOE) Secretary Steven Chu's proposed budget increase for fiscal year 2012. The Republicans joined the Democratic chairman of the committee, Jeff Bingaman, in...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics