Strategic Petroleum Reserve /
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| Online Access: |
Full text (MCPHS users only) |
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| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
New York :
Nova Science Publishers,
2010
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| Series: | Energy policies, politics and prices series.
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| Subjects: | |
| Local Note: | ProQuest Ebook Central |
Table of Contents:
- STRATEGIC PETROLEUM RESERVE ; STRATEGIC PETROLEUM RESERVE; CONTENTS ; PREFACE ; THE STRATEGIC PETROLEUM RESERVE: HISTORY, PERSPECTIVES, AND ISSUES ; SUMMARY ; HISTORY OF THE SPR ; Establishment of the SPR ; ACQUISITION OF CRUDE OIL FOR THE SPR ; Royalty-in-Kind Acquisition ; THE DRAWDOWN AUTHORITIES ; THE SPR AND HURRICANES IVAN, KATRINA, AND RITA (2004-2005) ; A Change in the Market Dynamics (2005-2008) ; WHEN SHOULD THE SPR BE USED?: THE DEBATE OVER THE YEARS ; Use of the SPR in the Persian Gulf War (1990) ; ESTABLISHMENT OF A REGIONAL HOME HEATING OIL RESERVE ; End Notes.
- STRATEGIC PETROLEUM RESERVE: IMPROVING THE COST-EFFECTIVENESS OF FILLING THE RESERVE WHY GAO DID THIS STUDY ; WHAT GAO FOUND ; IN SUMMARY ; DOE COULD IMPROVE THE COST-EFFECTIVENESS OF FILLING THE SPR ; PURCHASING OIL TO FILL THE SPR MAY BE MORE COST-EFFECTIVE THAN CURRENT ROYALTY-IN-KIND PROGRAM ; CONCLUSIONS ; End Notes ; STRATEGIC PETROLEUM RESERVE: AVAILABLE OIL CAN PROVIDE SIGNIFICANT BENEFITS, BUT MANY FACTORS SHOULD INFLUENCE FUTURE DECISIONS ABOUT FILL, USE, AND EXPANSION; WHY GAO DID THIS STUDY ; WHAT GAO RECOMMENDS ; WHAT GAO FOUND ; ABBREVIATIONS ; RESULTS IN BRIEF; BACKGROUND.
- BASED ON HISTORICAL EXPERIENCE, EXPERTS SUGGESTED ALTERNATIVE PRACTICES FOR SPR FILL AND POINTS TO CONSIDER FOR USE Experts Suggested Practices to Reduce the Cost of Filling the SPR ; Experts Suggested Several Points to Consider When Deciding on SPR Use ; SPR USE DURING DISRUPTIONS CAN PROVIDE SUBSTANTIAL BENEFITS, BUT THE MAGNITUDE OF THESE BENEFITS IS UNCERTAIN ; SPR and International Reserves at Their Current Size Can Replace the Oil Lost in All but the Most Catastrophic Disruptions ; SPR Use during Disruptions Can Prevent Substantial Economic Damage.
- DOE Models Yield Significantly Different Estimates of the Economic Damage Avoided by Using the SPR OTHER FACTORS, IN ADDITION TO THE SPR'S ABILITY TO REPLACE OIL, MAY AFFECT THE EXTENT TO WHICH THE SPR CAN PROTECT THE U.S. ECONOMY FROM DAMAGE ; Transport of Oil to Refineries May Be Difficult during Some Disruptions ; Releasing Oil from the SPR Is Less Helpful If U.S. Refining Capacity Is Damaged; A LARGER SPR IS WARRANTED IF DEMAND FOR OIL GROWS AS EXPECTED ; DOE Estimates That Long-term Benefits of SPR Expansion to 1.5 Billion Barrels Exceed Costs.
- Factors Influencing the SPR's Ideal Size Are Likely to Change Over Time CONCLUSIONS ; RECOMMENDATIONS FOR EXECUTIVE ACTION ; AGENCY COMMENTS AND OUR EVALUATION ; APPENDIX I: SCOPE AND METHODOLOGY ; APPENDIX II: ECONOMIC MODELING OF OIL SUPPLY DISRUPTIONS ; Oil Supply Disruption Scenarios ; Modeling of Economic Impacts ; APPENDIX III : COMMENTS FROM THE DEPARTMENT OF ENERGY ; End Notes ; EXPANSION OF THE STRATEGIC PETROLEUM RESERVE; INTRODUCTION ; OBSERVATIONS ; EVALUAUON OF BRUINSBURG DOME ; Consideration of Well Data ; RECONCILIATION OF WELL LOCATIONS ; USE OF SEISMIC DATA.
