The Strategic Petroleum Reserve was authorized in 1975 and began receiving crude oil in 1977.
Of this amount 30 million barrels will be released from the U.S. Strategic Petroleum Reserve.
There are reports that the administration is considering releasing oil from the Strategic Petroleum Reserve.
That was the kind of long-term disaster that the Strategic Petroleum Reserve is built for.
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Adding fuel to the fire, the U.S. reportedly has no plans to tap its Strategic Petroleum Reserve.
Last month, overwhelming support from Capitol Hill caused the administration to stop filling the nation's Strategic Petroleum Reserve.
Department of Energy is approving loans from the Strategic Petroleum Reserve to limit disruptions in crude supplies for refineries.
Yet another idea, to release some oil from America's Strategic Petroleum Reserve, would doubtless help to bring prices down briefly.
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The "get Bush" crowd advocates releasing oil from the strategic petroleum reserve in order to bring market prices back down.
The U.S. will release 30 million barrels of light sweet crude from its Strategic Petroleum Reserve over next 30 days.
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He said he will suspend some environmental rules and may tap into the Strategic Petroleum Reserve to help cover shortages.
And second, does it lessen the chances of a triggering of the withdrawal of oil from the Strategic Petroleum Reserve?
For example, the U.S. Strategic Petroleum Reserve has the ability to supply total U.S. oil import needs for approximately 80 days.
Tapping into the Strategic Petroleum Reserve to help offset rising oil prices is another way to keep prices stable, albeit short term.
The U.S. Strategic Petroleum Reserve can meet 100 days of U.S. imports.
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And he spoke in a press conference about this, and he has taken questions in the past about the SPRO, the Strategic Petroleum Reserve.
I'm not going to speculate about any sorts of discussions that may or may not be taking place related to the Strategic Petroleum Reserve.
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The Strategic Petroleum Reserve could stave off calamity only so long.
And as the President has said repeatedly, the Strategic Petroleum Reserve is a tool that will remain on the table as part of this process.
Several Democratic members of Congress have asked the President to consider releasing oil from the Strategic Petroleum Reserve to keep prices from rising too much.
Earlier this summer, there was some speculation that Obama was going to dip into the Strategic Petroleum Reserve to lower the price of gasoline temporarily.
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President Bush could help to once and for all pop the oil-price bubble by selling oil from the Strategic Petroleum Reserve on a more regular basis.
DeLauro also hinted that the administration might consider releasing product from the 571-million barrel Strategic Petroleum Reserve, a suggestion the White House is certain to refuse outright.
Just such an event seems to have occurred in May, with the passage of a bill to halt deliveries of crude oil to the Strategic Petroleum Reserve.
There was some speculation yesterday that the the government was set to release reserves from the Strategic Petroleum Reserve (SPR), but the White House later denied it.
Had the U.S. been putting pressure on any member for an increase, and does that make it more likely that the U.S. will tap the Strategic Petroleum Reserve?
President Gerald Ford's signature graced legislation on Dec. 22, 1975, creating the Strategic Petroleum Reserve, a vital insurance stockpile with a couple of months worth of total imports.
Earlier this week, lawmakers voted by a veto-proof majority to stop filling the nation's Strategic Petroleum Reserve, an action President Bush says will have no meaningful affect on prices.
Saudi Arabia has its own version of a strategic petroleum reserve, in the form of spare production capacity, which could make up for most if not all Iranian exports.
As for the Strategic Petroleum Reserve, as was the case back when we had this discussion I think almost a year ago, we never take options off the table.
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