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Vol. 7, No. 13 Week of March 30, 2003
Providing coverage of Alaska and northern Canada's oil and gas industry


U.S. oil reserve comes up short on major supply disruption

Strategic Petroleum Reserve would handle short-term crisis at 700 million barrel capacity; some 600 million barrels stored now; legislation expected to expand it to 1 million barrels

Petroleum News Alaska

The U.S. Strategic Petroleum Reserve, at least for a few months, appears adequate to handle almost any national energy crisis, even if all oil imports abruptly stopped from the politically hot Middle East. But output from the petroleum reserve likely would deteriorate rapidly over time. So, federal....

    [additional news subjects in this story]

A million barrels a day possible

About 15 days to award contracts

Filling will take quite a while


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