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Petroleum Inventory Reserves

Petroleum Inventory Reserves. Industry Inventories For operational needs (pipelines, refineries, supply/demand) Strategic Petroleum Reserve (SPR) Government controlled, emergency use. Strategic Petroleum Reserve.

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Petroleum Inventory Reserves

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  1. Petroleum Inventory Reserves • Industry Inventories • For operational needs (pipelines, refineries, supply/demand) • Strategic Petroleum Reserve (SPR) • Government controlled, emergency use

  2. Strategic Petroleum Reserve • 700 mmbo capacity at four salt domes in US Gulf Coast (545 mmbo in place in 2001). • The SPR can hold approximately 70 days of oil imports at current demand.

  3. Inflation-Adjusted Cost of Crude Oil

  4. Strategic Petroleum Reserve Stocks

  5. 2001 Oil Futures: Nymex

  6. References • SPR drawdowns trigger law of unintended consequencesbySarah Emerson,Oil&Gas Journal, Dec 10, 2001, p. 24-30.

  7. SPR as Share of Domestic Stocks

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