Tag Archives: strategic petroleum reserve

Hands Off The Strategic Petroleum Reserve

Posted on 2012/08/29 by LastTechAge

Report today suggests we may be close to another attack on our Strategic Petroleum Reserve Calls for releasing petroleum from the US reserve are being raised across the globe.  US oil not specified of course, but who else will open … Continue reading →

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US Petroleum Exports are Huge

Posted on 2012/03/13 by LastTechAge

On March 7, last week, the U.S. Energy Information Administration (EIA) released a short report that showed that in 2011, U.S. petroleum exports exceeded imports for the first time since 1949. That was their headline.  The data in this report … Continue reading →

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Drain America First

Posted on 2011/06/24 by LastTechAge

Pres Obama decided to start depleting the Strategic Petroleum Reserve (SPR).  This week he announce that he was going to drain 30 M bbl (1 bbl means 1 barrel or 150L ) oil we have stored for emergency use. This … Continue reading →

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Are Strategic Oil Reserves obsolete?

Posted on 2011/06/07 by LastTechAge

The Strategic Petroleum Reserve (SPR) is a pool of crude oil that we squirreled away over the years, to help us out in time of crisis. Recently, President Obama suggested that some of this resource might be used to help … Continue reading →

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