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US Emergency Oil Reserve

U.S. EMERGENCY OIL RESERVE The 727-million-barrel U.S. Strategic Petroleum Reserve is the largest stockpile of government-owned emergency crude oil in the world OIL RESERVE STORAGE SITES HOW THE OIL IS STORED Emergency crude oil is stored in 62 underground salt caverns Existing O Proposed U.S. Pipeline Louisiana Miss. Surface Richton Техas Caprock / + 610m deep Houston 100 km Salt Bryan Mound Big Hill West Bayou Hackberry Choctaw 61m diameter Salt cavern 35% 24% 6 to 35 million barrels 31% 10% in capacity 254 171 Salt walls are 228 TOTAL: 727 million barrels Up to 1,220m 74 "self-healing" Environmentally OIL RESERVE INVENTORY deep secure In million barrels 727 Reserve was created in the mid- 1970s after the Arab oil embargo 676 586 600 541 Maximum drawdown capability: 4.4 million barrels per day 400 1996-97 Non- Time for oil to enter market: emergency sale: 28 mln barrels 13 days from Presidential decision 200 Average price paid for oil: $29.76 per barrel Current days of import protection: 75 days 2005 Hurricane Katrina 7, ở 108 sale: 11 mln barrels 1980 1990 2000 2010 Total oil stock 4.2 bln barrels EMERGENCY OIL STOCKS IEA member countries maintain total oil stocks equivalent to at least 90 days of the previous year's net imports. As of Nov. 2010, 1.3 billion barrels were held exclusively for emergency purposes Emergency stock 1.3 bln barrels A Denmark 2 Netherlands 3• Finland 2 Germany 108 O Poland 7 - Slovakia 3 • Hungary 4 Belgium 1 U.S. 727 mln barrels Japan 314 Portugal 3 Spain 17 S. Korea O Emergency oil stocks in mln barrels 73 Czech Rep. 7 Sources: U.S. Dept. of Energy, International Energy Agency (IEA) Credit: Reuters France 30 IEA member country: I With emergency oil stock Without Alabama

US Emergency Oil Reserve

shared by kcatoto on Mar 24
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Oil & Gas are considered to be most valuable resources of modern age. Countries will go to any length in order to get hold of oil and gas reserves. Those countries, where oil and gas reserves are in a...



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