Skip to main content

Issues Needing Attention in Developing the Strategic Petroleum Reserve

EMD-77-20 Published: Feb 16, 1977. Publicly Released: Feb 16, 1977.
Jump To:
Skip to Highlights

Highlights

The concept of the Strategic Petroleum Reserve is to provide protection against future oil embargoes by creation of a reserve equal to approximately 500 barrels of crude oil. As part of the reserve, an Early Storage Reserve is to be established to contain at least 150 million barrels by December 1978. The proposed reserve will contain only crude oil which will be stored underground in salt dome caverns or in mines, primarily along the Gulf Coast. Issues which require further analysis by Congress relate to three questions: (1) Is there a need for the type of Strategic Petroleum Reserve? (2) How should the strategic Petroleum Reserve be filled? and (3) How should the Strategic Petroleum Reserve be financed?

Full Report

Office of Public Affairs

Topics

ConservationEnergy suppliesOil fieldsOil resourcesPetroleum storagePolicy evaluationSystems designSystems evaluationStrategic petroleum reservesCrude oil