Strategic Petroleum Reserve: Available Oil Can Pro

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Strategic Petroleum Reserve: Available Oil Can Provide Significant Benefits, but Many Factors Should Influence Future Decisions about Fill, Use, and Expansion

Congress authorized the Strategic Petroleum Reserv

Our Price: $25.00

By Jim Wells (au)
Year: 2006
Pages: 66
Binding Paperback

Product Code: 1422311457

Description

Congress authorized the Strategic Petroleum Reserve (SPR) to release oil to the market during supply disruptions & protect the US. economy from damage. The reserve can store up to 727 million barrels of crude oil, & currently contains enough oil to offset 59 days of U.S. oil imports. This report answered the following questions: (1) What factors do experts recommend be considered when filling & using the SPR? (2) To what extent can the the SPR protect the U.S. economy from damage during oil supply disruptions? (3) Under what circumstances would an SPR larger than its current size be warranted? The author developed oil supply disruption scenarios, used models to estimate potential economic harm & convened 13 experts. Charts & tables.

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