August 1997

Trends and Resources

HP Impact: HPImpact: Strategic Petroleum Reserve policies

Should the U.S. continue to maintain the Strategic Petroleum Reserve (SPR)? Earlier this year, the Department of Energy (DOE) solicited public comment on SPR policy. Here are summaries of responses fr..

Weirauch, Wendy, Hydrocarbon Processing Staff

Should the U.S. continue to maintain the Strategic Petroleum Reserve (SPR)? Earlier this year, the Department of Energy (DOE) solicited public comment on SPR policy. Here are summaries of responses from two industry organizations: • The Petroleum Industry Research Foundation, Inc. (PIRINC) believes that "any sale of a strategic asset to fund current consumption is penny wise and pound foolish." The SPR remains the most viable, secure and cost-effective tool for preventing and mitigating an oil supply disruption, according to PIRINC. Long-term security should not be compromised for short-term budget balancing. The U.S. should continue to maintai n the SPR. The

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