Wednesday, October 1, 2008
News U.S. Department of Energy opens oil reserve for Georgia
Posted by Thomas Wheatley @thomaswheatley on Wed, Oct 1, 2008 at 9:13 PM
Turns out Gov. Sonny Perdue's got some pull up in Washington, D.C.
Per the governor's request, the U.S. Department of Energy says it'll open the Strategic Petroleum Reserve in the Gulf of Mexico to help ease Georgia's gas shortage.
“Today the Department approved an additional release of up to 900,000 barrels of crude oil from the SPR for two refiners that have not been able to obtain adequate supplies due to the ongoing disruptions,” Secretary Samuel Bodman wrote to Perdue. “With this additional release, the total amount provided from the SPR to refineries will be approximately 5.7 million barrels since September 3, 2008.”
The state Department of Revenue has also granted waivers to out-of-state haulers without a Georgia motor-fuel licenses to deliver gasoline into the state. Diesel goes first to first responders, school systems experiencing low supplies, and agriculture centers.
Comments (4)
Showing 1-4 of 4
Using the SPR is stupid. Reducing legal barriers (like licensing from out of state) is smart.
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Seems like a pretty strategic use to me. In general, refinery capacity is the bottleneck, not crude supplies. In the short term it makes perfect sense to tap crude reserves to keep production going as they will be topped off when supplies return to normal.
The Strategic Petroleum Reserve is intended for the purpose of ensuring adequate short term supply to our military. Once the camels nose is in the tent, the SPR may become like Social Security, an empty account with a nifty name.
Dale you are wrong, wrong, wrong. Read it for yourself: http://www.law.cornell.edu/uscode/42/usc_sec_42_00006241----000-.html (If the link doesn't work, that is US Code:TITLE 42 > CHAPTER 77 > SUBCHAPTER I > Part B > § 6241) The branches of the military maintain their own petroleum reserves.
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