December 2000

Trends and Resources

HP Impact: Heating oil reserve put in perspective

Establishing the 2-million-barrel Northeast Heating Oil Reserve was meant to reassure consumers in that region that they are protected against a new winter supply problem and price spik..

Weirauch, Wendy, Hydrocarbon Processing Staff

Establishing the 2-million-barrel Northeast Heating Oil Reserve was meant to reassure consumers in that region that they are protected against a new winter supply problem and price spike. But keep in mind that this volume is not all that large. According to analysts at the Petroleum Industry Research Foundation (PIRINC), it amounts to less than one-third of the 7 million barrels of high-sulfur distillate imported into the U.S. in February 2000 (and less than three days of total distillate imports during the peak week ending February 21). Moreover, while well intended, concerns about under just what conditions the Reser

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