Oil Transfers From Strategic Reserve OK’D
September 15, 2008
The U.S. Department of Energy has agreed to deliver 239,000 barrels of emergency exchange oil from the U.S. Strategic Petroleum Reserve to the Placid Oil Co.
Department spokesman Andrew Beck said the oil will be moved using a Shell Oil. Co. pipeline.
In addition, Beck said the Energy Department also has agreed to deliver 200,000 barrels of emergency exchange oil from the Strategic Petroleum Reserve to ConocoPhillips Co.’s Wood River refinery in Roxana, Ill., along the Capline pipeline system.
The oil was requested by ConocoPhillips and Placid Oil because of disruptions in supply caused by Hurricanes Gustav and Ike.
Topics:
Disaster Accident, Business Finance, Environment, Peak oil, Energy policy, Energy in the United States, Billings Refinery, Global strategic petroleum reserves, Wood River Refinery, National Oil Corporation, ConocoPhillips, United States, Strategic Petroleum Reserve, Petroleum in the United States, energy, Placid Oil Co.