Energy Policy:

Ranking Options to Improve the Readiness of and Expand the Strategic Petroleum Reserve

RCED-94-259: Published: Aug 18, 1994. Publicly Released: Aug 25, 1994.

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO reviewed readiness and expansion options for the Strategic Petroleum Reserve (SPR), focusing on: (1) eliminating problems related to the buildup of geothermal heat and gas in some crude oil in SPR; (2) replacing existing facilities and systems to extend the useful life of the reserve; (3) filling SPR to the current 750-million-barrel capacity or expanding and filling SPR to 1 billion barrels; and (4) increasing the daily drawdown rate from 4.5 million to 6 million barrels for the current SPR size, as well as for a 1-billion-barrel reserve.

GAO found that: (1) correcting the problems of heat and gas buildup should be a high priority, since heat and gas significantly impair SPR drawdown capability; (2) replacing aging facilities and equipment could avert future losses in SPR capability; (3) filling SPR to its current capacity or expanding SPR capacity would be costly; and (4) increasing the SPR daily drawdown capability could increase the nation's ability to replace disrupted crude oil supplies and dampen oil price increases and their impact on the economy.

Aug 11, 2014

Jul 17, 2014

Jul 11, 2014

Jun 23, 2014

Jun 9, 2014

Jun 5, 2014

May 30, 2014

May 16, 2014

May 15, 2014

May 7, 2014

Looking for more? Browse all our products here