US Strategic Petroleum Reserve (SPR)

New Legislation Affects U.S. Strategic Petroleum Reserve

December 10, 2015 by U.S. EIA: Today in Energy

U.S. Fuel Reserve Legislation

Two new laws authorize sales of crude oil from the Strategic Petroleum Reserve (SPR) over the next decade. The Bipartisan Budget Act authorizes the sale of 58 million barrels of SPR oil between FY 2018-25 for deficit reduction purposes and an estimated 40-50 million barrels of oil in FY 2017-20 for SPR modernization.[read more]

Shrinking the Strategic Petroleum Reserve

November 24, 2015 by Geoffrey Styles
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Last month's Congressional budget compromise included plans to sell 58 million barrels of oil from the US Strategic Petroleum Reserve. The world has changed enormously since the SPR was established in the 1970s, but the realignment of such an asset for the 21st century deserves a full strategic review and debate.[read more]

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U.S. Energy Security and the Next Energy Crisis

July 16, 2012 by John Miller
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Lightspring/Shutterstock

Military activity has increased in the Persian Gulf. If the situation gets out of control parts of the U.S. face an energy crisis worse than the 1970’s. It’s time for the U.S. to implement a comprehensive and effective energy policy to transition the country from high risk oil imports to more secure and cleaner sources of energy.[read more]

Hedging the Risks of Selling Oil from the Strategic Petroleum Reserve

June 3, 2011 by Geoffrey Styles

I see that the administration has asked Congress to approve a non-emergency sale of oil from the US Strategic Petroleum Reserve (SPR), in order to allow a storage cavern to be repaired before it starts to leak. That's fine, as far as it goes, though the article I read suggested this would be done as a net sale into the market, rather...[read more]