Interesting Facts

Did you know what crudes are stored in the US Strategic Petroleum Reserve?
The US Strategic Petroleum Reserve (SPR) was created in 1975 as a response to the 1973 Arab oil embargo. Operated by the US Dept of Energy, its purpose was to maximize long term protection against oil supply disruptions. SPR oil is stored in salt caverns located in Texas and Louisiana along the Gulf of Mexico. First oil was delivered to the SPR in mid-1977.

Crudes in the reserve are from Mexico (42%), North Sea (24%), Alaska (8%), Saudi Arabia (4%), and 22% from about 17 other sources.

Recently, President George W. Bush ordered the Energy Department to fill the SPR (Strategic Petroleum Reserve) from the current 545 million barrels to its maximum capacity of 700 million barrels. Under the plan, the reserve would begin filling in April 2002 and take several years to complete. Once filled to capacity, another study may get underway to explore ways of expanding the reserve to hold 1 billion barrels of oil. This expansion could take up to 10 years to accomplish.

The decision to withdraw crude oil from the SPR during an energy emergency is made by the US President. Oil from the SPR was released by President George H.W.Bush in 1991 during Operation Desert Storm. The SPR was most recently opened In Sept. 2000, when President Clinton released crude from three of the four SPR storage sites:
Bayou Choctaw Sour 32.2 API 1.43 wt% Sulfur
West Hackberry Sweet 37.0 API 0.29 wt% Sulfur
Byron Mound Sour 33.4 API 1.38 wt% Sulfur
January 2002

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