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| 1M barrels of emergency oil are moved |
| 2008-09-20 |
| The U.S. Energy Department has delivered more than 1 million barrels of emergency exchange oil due to supply disruptions caused by Hurricanes Gustav and Ike. Officials said the emergency oil was delivered along pipeline systems from the U.S. Strategic Petroleum Reserve to various oil company refineries since Sunday. The deliveries included 678,000 barrels to the ConocoPhillips Co.'s Wood River refinery, 250,000 barrels to the Marathon Petroleum Co.'s Midwest refineries and 109,000 barrels to a Placid Oil Co. refinery. The U.S. Strategic Petroleum Reserve, which has a 1 billion-barrel capacity, is the largest stockpile of government-owned emergency crude oil in the world, the Energy Department said. |
| Posted by:3dc |
| #5 Darrell, its not really meant to run the whole country, its more useful for exactly what it is being used for; a regional or temporary supply to combat a short term disruption. It would be physically impossible to draw 21 million bbl. a day from one source anyway. There is no conceivable disaster that could stop ALL domestic production and ALL imported crude deliveries. So I think its being used for exactly what it was made for. At a million bbl. a day it would last almost 3 years. |
| Posted by: bigjim-ky 2008-09-20 18:48 |
| #4 "delivered more than 1 million barrels" Don't give 'em a lot of credit. Perspective: U.S. petroleum consumption is almost 21 million barrels PER DAY. http://www.eia.doe.gov/basics/quickoil.html |
| Posted by: Darrell 2008-09-20 18:33 |
| #3 Strategic Petroleum Reserves are very interesting data: (Wiki) http://tinyurl.com/4gjwjn |
| Posted by: Anonymoose 2008-09-20 18:10 |
| #2 Finally some news that makes sense. |
| Posted by: Anguper Hupomosing9418 2008-09-20 16:59 |
| #1 That's more like what it's for, not for buying votes by trying in vain to lower the price of gas. |
| Posted by: bigjim-ky 2008-09-20 15:38 |