Evaluating the Proposed Test Drawdown and Sale of Strategic Petroleum Reserve Oil
Download eBook for Free
|PDF file||4.2 MB||
Use Adobe Acrobat Reader version 10 or higher for the best experience.
Purchase Print Copy
|Add to Cart||Paperback58 pages||$23.00||$18.40 20% Web Discount|
Under the authority of the Energy Policy and Conservation Act of 1975, the Department of Energy (DOE) maintains and operates the Strategic Petroleum Reserve (SPR). In the event of an energy emergency, the President would initiate a drawdown of the Reserve to counter the harmful economic effects of a severe shortage in oil supplies. To prepare better for an emergency, DOE has conducted several exercises to test the Reserve's administrative and operational systems. In 1984, DOE planned a test drawdown and sale of SPR oil. This exercise would, for the first time, have involved the sale of a small amount of SPR oil to the highest bidders, and would have tested simultaneously the operation of all SPR subsystems. This Note lays the groundwork for the evaluation of such a test.
This report is part of the RAND Corporation Note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.