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Check the record of purchases and sales of SPR oil

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Post# of 126900
(Total Views: 131)
Posted On: 08/02/2024 11:35:30 AM
Posted By: Bhawks
Re: corporalstocks #120619
Check the record of purchases and sales of SPR oil. Looks to me to be a bipartisan activity. Didn't occur to you, did it? Know what 'mandated' means?

Didn't think so.

As for your usual train of insults, blow them out your ass you ignorant little prick. You are clearly among the worst informed, poorest educated simpletons who post here.

Summary List of Historical Releases - click here

https://www.energy.gov/ceser/spr-quick-facts

Past Sales

FY 2022 Emergency Sales: 180 million barrels
FY 2022 Mandated Sales: 38 million barrels
FY 2021 Mandated Sales: 16.7 million barrels
FY 2020 Mandated Sales: 9.9 million barrels
FY 2019 SPR Modernization Sale: 4.2 million barrels
FY 2019 Mandated Sales: 15.2 million barrels
FY 2018 SPR Modernization Sale: 4.74 million barrels
FY 2018 Mandated Sales: 18.9 million barrels
FY 2017 Mandated Sales: 16.2 million barrels
FY 2017 SPR Modernization Sale: 6.28 million barrels


2014 - March: Test Sale - 5 million barrels
2011 June: IEA Coordinated Release - 30,640,000 barrels
2005 September: Hurricane Katrina Sale - 11 million barrels
1996-97 October; January; April: Total non-emergency sales - 28 million barrels
1990/91 September, January: Desert Shield/Storm Sale - 21 million barrels
(4 million in August 1990 test sale; 17 million in January 1991 Presidentially-ordered drawdown)

1985 - November: Test Sale - 1.0 million barrels
Past Exchanges

November 2021 - exchanged 32 million barrels of oil in response to disruptions following the COVID-19 pandemic. Deliveries were made to Exxon, Marathon, Shell, ATMI, Chevron, Trafigura, Macquarie, BP, Phillips 66.

August 2017 - exchanged 5.2 million barrels of oil following Hurricane Harvey, delivered to Gulf Coast refineries as a result of much of the Gulf region's oil refining capabilities being shut down, resulting in fuel shortages.

Sept 2012 - exchanged 1 MMB with Marathon Oil following Hurricane Isaac due to disruptions to the commercial oil production, refining and distribution operations in the Gulf Coast.

Sep/Oct 2008 - two test exchanges were conducted following Hurricanes Gustav and Ike totaling 5,389,000 barrels. Deliveries were made to Marathon, Placid, ConocoPhillips, Citgo and Alon USA.

June 2006 - exchanged 750 thousand barrels of sour crude with ConocoPhillips and Citgo due to the closure for several days of the Calcasieu Ship Channel to maritime traffic. The closure resulted from the release of a mixture of storm water and oil. Action was taken to avert temporary shutdown of both refineries.

January 2006 - exchanged 767 thousand barrels of sour crude with Total Petrochemicals USA due to closure of the Sabine Neches ship channel to deep-draft vessels after a barge accident in the channel. Action was taken to avert temporary shutdown of the refinery.

Sep/Oct 2005- exchanged 9.8 million barrels of sweet and sour crude due to disruptions in Gulf of Mexico production and damage to terminals, pipelines and refineries caused by Hurricane Katrina.

Sep/Nov 2004 - exchanged 5.4 million barrels of sweet crude due to disruptions in the Gulf of Mexico caused by Hurricane Ivan.

Oct 2002 - exchanged 98,000 barrels with Shell Pipeline Co. to secure Capline storage tanks in advance of Hurricane Lili.

Sep/Oct 2000 - exchanged 30 million barrels in response to concern over low distillate levels in Northeast.

July/August 2000 - exchanged 2.8 million barrels of crude oil for 1st-year tank storage and stocks for 2 million barrel Northeast Home Heating Oil Reserve.

June 2000 - exchanged 500,000 barrels each with CITGO and Conoco, due to blockage of the ship channel that allowed incoming crude oil shipments to those refineries. Action taken in order to avert temporary shutdown of both refineries.

August 1998 - exchanged 11 million barrels of lower quality Maya crude in SPR with PEMEX for 8.5 million of higher quality crude (more suitable for U.S. refineries)

April/May 1996 - exchanged 900,000 barrels of SPR crude with ARCO to resolve company's pipeline blockage problem.


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