U.S. strategic petroleum reserves...

I realize that oil is measured in units of barrels, but I wonder how the U.S. strategic petroleum reserves are stored...are they actually in barrels, or is the oil in large tanks somewhere?

 

[FoBoT]

no, giant underground voids

i'll double check, but i think that is correct

 

[SVT Cobra]

probably tanks...just converted into barrels

underground prob

 

[Actaeon]

Probably large oil tanks, but the measurement is in how many barrels those tanks can fill.

 

[acemcmac]

I always thought it was some rolling supply, like the futures market

shhh, the administraton doesen't want the public to realize that they've been adding to it on a continual basis for the last five years rather than opening the floodgates in 1995 like clinton did when it looked like $1.35 was pissing people off....

news flash, gas prices are artificially high because the bush administraton abuses the strategic reserve...

off to wiki

 

[So]

Originally posted by: acemcmac
I always thought it was some rolling supply, like the futures market

shhh, the administraton doesen't want the public to realize that they've been adding to it on a continual basis for the last five years rather than opening the floodgates in 1995 like clinton did when it looked like $1.35 was pissing people off....

news flash, gas prices are artificially high because the bush administraton abuses the strategic reserve...

off to wiki

BS. You have no idea how economics work, do you?

 

[CPA]

Originally posted by: acemcmac
I always thought it was some rolling supply, like the futures market

shhh, the administraton doesen't want the public to realize that they've been adding to it on a continual basis for the last five years rather than opening the floodgates in 1995 like clinton did when it looked like $1.35 was pissing people off....

news flash, gas prices are artificially high because the bush administraton abuses the strategic reserve...

off to wiki

are you off to wiki to go get your tinfoil cap?

 

[FoBoT]

yeah, they are referred to as "caverns" , sounds like underground voids or caves to me

http://www.spr.doe.gov/reports/crude_oil_assays.htm

 

[acemcmac]

Originally posted by: So

Originally posted by: acemcmac
I always thought it was some rolling supply, like the futures market

shhh, the administraton doesen't want the public to realize that they've been adding to it on a continual basis for the last five years rather than opening the floodgates in 1995 like clinton did when it looked like $1.35 was pissing people off....

news flash, gas prices are artificially high because the bush administraton abuses the strategic reserve...

off to wiki

BS. You have no idea how economics work, do you?

must not, but I did read the OPEC press release the last time they cut back production, and it basially said: "the way the US is stockpiling petrolium in the face of this 'awful' shortage, we don't see why we need to increase production' just to line the oil men's pockets even further"

oh, and apparantly it is a physical place :shocked: http://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve

 

[SVT Cobra]

ahh probably like those oil and water caverns they have at NORAD...those are sweet

 

[FoBoT]

Originally posted by: acemcmac

news flash, gas prices are artificially high because the bush administraton abuses the strategic reserve...

no , that is false. see my sig, lack of refinery capacity is a large contributor to the high price

 

[Martin]

nah, I'm pretty sure they have billions of cups.

 

[acemcmac]

Originally posted by: FoBoT

Originally posted by: acemcmac

news flash, gas prices are artificially high because the bush administraton abuses the strategic reserve...

no , that is false. see my sig, lack of refinery capacity is a large contributor to the high price

I'm sure that increased demand at the pump and lack of refinery capacity is part of it too, but surley there is no reason on earth why we need to be enlarging the reserve while leaning on OPEC to ship more?

 

[FoBoT]

do you know the purpose of the Strategic Petroleum Reserve? if you disagree with the person increasing its size, ok, fine. but it isn't like they are doing it for no reason at all. you may disagree with the reason it is being increased, but that doesn't mean there is no reason for doing it

 

[So]

Originally posted by: acemcmac

Originally posted by: So

Originally posted by: acemcmac
I always thought it was some rolling supply, like the futures market

shhh, the administraton doesen't want the public to realize that they've been adding to it on a continual basis for the last five years rather than opening the floodgates in 1995 like clinton did when it looked like $1.35 was pissing people off....

news flash, gas prices are artificially high because the bush administraton abuses the strategic reserve...

off to wiki

BS. You have no idea how economics work, do you?

must not, but I did read the OPEC press release the last time they cut back production, and it basially said: "the way the US is stockpiling petrolium in the face of this 'awful' shortage, we don't see why we need to increase production' just to line the oil men's pockets even further"

oh, and apparantly it is a physical place :shocked: http://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve

1. Opec is lining their pockets too. D you think they'd ever admit that THEY were partly to blame? No.
2. Environmentalists have halted the construction of new refineries, and the profits have been low enough that it's not been worth the effort for oil companies to build new ones.
3. Stockpiling oil is definitely a good idea for when a REAL chrisis hits, not this pansy $1 hike in gas prices. And the stockpile is meant for the military, not for you and me.

 

[FoBoT]

The Strategic Petroleum Reserve exists, first and foremost, as an emergency response tool the President can use should the United States be confronted with an economically-threatening disruption in oil supplies.

The Reserve has been used once under these conditions: in 1991 at the beginning of Operation Desert Storm when the United States joined its allies in assuring the adequacy of global oil supplies when war broke out in the Persian Gulf.

But crude oil has been withdrawn from the SPR sites many other times. Small quantities of oil are routinely pumped from the storage caverns in tests of the reserve's equipment. And in several instances, oil has been removed from the caverns under the legal authority to "exchange" SPR crude oil. To comply with the legal requirements for these exchanges, the SPR must ultimately receive more oil than it released; in other words, the exchanges can be used to acquire additional oil for the SPR.

http://www.fe.doe.gov/programs/reserves/index.html

 

[MasterAndCommander]

They are stored in facilities like this

 

[StageLeft]

One of the few things I can respect bush for is his refusal to access the strategic petroleum reserve right now.

It's not so that people can save a quarter on their damn suv fill up. It's for times of real oil problems, like in times of war.

 

[acemcmac]

Originally posted by: Skoorb
One of the few things I can respect bush for is his refusal to access the strategic petroleum reserve right now.

It's not so that people can save a quarter on their damn suv fill up. It's for times of real oil problems, like in times of war.

mabye you're right, but the precident was already set at 1.35$ (I seem to remember was the price) ten years ago.... and everyone agreed then that it was economically threatening

 

[SVT Cobra]

Originally posted by: Skoorb
One of the few things I can respect bush for is his refusal to access the strategic petroleum reserve right now.

It's not so that people can save a quarter on their damn suv fill up. It's for times of real oil problems, like in times of war.

exactly, hey soccer moms! quit driving an ford Excusrion with one child if you cannot afford gas

 

[acemcmac]

Originally posted by: FoBoT

The Strategic Petroleum Reserve exists, first and foremost, as an emergency response tool the President can use should the United States be confronted with an economically-threatening disruption in oil supplies.

The Reserve has been used once under these conditions: in 1991 at the beginning of Operation Desert Storm when the United States joined its allies in assuring the adequacy of global oil supplies when war broke out in the Persian Gulf.

But crude oil has been withdrawn from the SPR sites many other times. Small quantities of oil are routinely pumped from the storage caverns in tests of the reserve's equipment. And in several instances, oil has been removed from the caverns under the legal authority to "exchange" SPR crude oil. To comply with the legal requirements for these exchanges, the SPR must ultimately receive more oil than it released; in other words, the exchanges can be used to acquire additional oil for the SPR.

http://www.fe.doe.gov/programs/reserves/index.html

mmm... interesting

 

[StageLeft]

Originally posted by: acemcmac

Originally posted by: Skoorb
One of the few things I can respect bush for is his refusal to access the strategic petroleum reserve right now.

It's not so that people can save a quarter on their damn suv fill up. It's for times of real oil problems, like in times of war.

mabye you're right, but the precident was already set at 1.35$ (I seem to remember was the price) ten years ago.... and everyone agreed then that it was economically threatening

That's because people are stupid, which is why this country is a republic and not a democracy. Clinton shouldn't have let it out at that time. If you let people set economic policy at their whims we'd be in a real mess. Thankfully level-headed leaders often don't let their "children" make such decisions.

 

[rahvin]

Originally posted by: acemcmac
mmm... interesting

The other reason we have it is much more important than the economy.

It also allows the United States to meet part of its International Energy Agency obligation to maintain emergency oil stocks, and it provides a national defense fuel reserve.

Our jets, tanks, tranports and supply carriers all use petroleum based fuels. It may happen in the future that our nation is threatened on a massive scale and our foreign energy supplies could be blocked, the SPR provides an emergency supply of petroleum that would provide our millitary the fuel necessary to secure foreign oil sources to fight that war.

 

[Saulbadguy]

They store them in souviener glasses.

 

Originally posted by: rahvin

Originally posted by: acemcmac
mmm... interesting

The other reason we have it is much more important than the economy.

It also allows the United States to meet part of its International Energy Agency obligation to maintain emergency oil stocks, and it provides a national defense fuel reserve.

Our jets, tanks, tranports and supply carriers all use petroleum based fuels. It may happen in the future that our nation is threatened on a massive scale and our foreign energy supplies could be blocked, the SPR provides an emergency supply of petroleum that would provide our millitary the fuel necessary to secure foreign oil sources to fight that war.

The problem is that our refining capacity is redicuously LOW. We have the oil, but turning it into fuel (gasoline, diesel, jet fuel, etc.) domestically in a large-scale war time situation would be difficult, if not impossible.