where does the united states keep an emergency stockpile of oil quizlet
underground in Louisiana and Texas
title: Strategic Petroleum Reserve (United States) text: Strategic Petroleum Reserve (United States) The Strategic Petroleum Reserve (SPR) is an emergency fuel storage of petroleum maintained underground in Louisiana and Texas by the United States Department of Energy (DOE). It is the largest emergency supply in the world, with the capacity to hold up to . The United States started the petroleum reserve in 1975 after oil supplies were interrupted during the 1973–1974 oil embargo, to mitigate future supply disruptions. The current inventory is displayed on the SPR's website. , the inventory was . This equates to about 660.0/18.49 round 0 days of oil at 2013 daily U.S. title: Oil-storage trade text: down but these shale oil wells continue to increase production while making a profit in a market where crude oil is priced as low as US$50 a barrel. The United States Strategic Petroleum Reserve (SPR) is the world's largest supply of emergency crude oil—727 million barrels— stored in huge underground salt caverns along the coastline of the Gulf of Mexico. An emergency oil stockpile was recommended by several Presidents throughout the twentieth century, in 1944, in 1952, 1956 and in 1970. The SPR is a "deterrent to oil import cutoffs and a key tool of foreign policy" but it has title: Oil reserves in the United States text: volumes of heavy oil in the oil sands of northeast Utah. There has yet to be any significant production from these deposits. Oil reserves in the United States Proven oil reserves in the United States were of crude oil as of the end of 2014, excluding the Strategic Petroleum Reserve. The 2014 reserves represent the largest US proven reserves since 1972, and a 90% increase in proved reserves since 2008. The Energy Information Administration estimates US undiscovered, technically recoverable oil resources to be an additional 198 billion barrels. US proven oil reserves were as of 2011. The 2011 data represent title: Strategic Petroleum Reserve (United States) text: Samuel Bodman said that the Department would consider new facilities for refined products as part of an expansion of . "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." Strategic Petroleum Reserve (United States) The Strategic Petroleum Reserve (SPR) is an emergency fuel storage of petroleum maintained underground in Louisiana and Texas by the United States Department of Energy (DOE). It is the largest emergency supply in the world, with the capacity to hold up to . The United States title: Petroleum in the United States text: Petroleum in the United States Petroleum in the United States has been a major industry since shortly after the oil discovery in the Oil Creek area of Titusville, Pennsylvania in 1859. The petroleum industry includes exploration for, production, processing (refining), transportation, and marketing of natural gas and petroleum products. As of 2008, the U.S. was the world's third-largest oil producer (after Saudi Arabia and Russia), producing 8.5 million barrels of oil and natural gas liquids per day. The leading oil-producing area in the United States in 2014 was Texas ( per day), followed by the federal zone of the Gulf