SPR drawdowns
[edit]Petroleum sales
- 1985 - Test sale - 1.1 million barrels (175,000 m³)
- 1990/91 - Desert Storm sale - 21 million barrels (3.3 million m³)
- 4 million in August 1990 test sale
- 17 million in January 1991 Presidentially-ordered drawdown
- 1996-97 total non-emergency sales for deficit reduction - 28 million barrels (4.5 million m³)
- 2005 - Hurricane Katrina sale - 11 million barrels (1.7 million m³) Katrina shut down 95% of crude production and 88% of natural gas output in the Gulf of Mexico. This amounted to a quarter of total U.S. output. About 735 oil and natural gas rigs and platforms had been evacuated due to the hurricane.
[edit]Petroleum exchanges and loans
Note: Loans are made on a case-by-case basis to alleviate supply disruptions. Once conditions return to normal, the loan is returned to the SPR with additional oil as interest.
- April-May 1996 - 900,000 barrels (143,000 m3) lent toARCOto alleviatepipelineblockage.
- August 1998 - 11 million barrels (1,700,000 m3) lent toPEMEXin return for 8.5 million barrels (1,350,000 m3) of higher quality crude.
- June 2000 - 1 million barrels (160,000 m3) lent toCitgoandConocoin response to shipping channel blockage.
- July-August 2000 - 2.8 million barrels (450,000 m3) to supply theNortheast Home Heating Oil Reserve.
- September-October 2000 - 30 million barrels (4,800,000 m3) in response to a concern over lowdistillatelevels in the North-eastern U.S.
- October 2002 - 296,000 barrels (47,100 m3) lent to Shell Pipeline Company in advance ofHurricane Lili.
- September-October 2004 - 5.4 million barrels (860,000 m3) lent to Astra Oil,ConocoPhillips, Placid Refining,Shell Oil Company, andPremcorafterHurricane Ivan.
- September-October 2005 - 9.8 million barrels (1,560,000 m3) lent toExxonMobil, Placid Refining,Valero,BP,Marathon Oil, andTotal S.A.afterHurricane Katrina.
- January-February 2006 -767,000 barrels (121,900 m3) lent to Total Petrochemicals USA due to closure of the Sabine Neches ship channel to deep-draft vessels after a barge accident in the channel.[15]
- June 2006 - 750,000 barrels (119,000 m3) ofsour crudelent toConocoPhillipsandCitgodue to the closure for several days of the Calcasieu Ship Channel caused by the release of a mixture of storm water and oil. Repaid in early October 2006.
- September 2008 - 250,000 barrels (40,000 m3) loaned to Citgo because it could not secure crude oil in the aftermath of Hurricane Gustav.
- September 2008 - 130,000 barrels (21,000 m3) loaned to Placid Refining's Port Allen refinery and 250,000 barrels (40,000 m3) loaned toMarathon Oildue to disruptions from Hurricane Gustav.[16
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