Author: Henry S. Rowen
Publisher:
ISBN:
Category : Petroleum reserves
Languages : en
Pages : 38
Book Description
The Optimal Strategic Petroleum Reserve Size for the U.S.?
Author: Henry S. Rowen
Publisher:
ISBN:
Category : Petroleum reserves
Languages : en
Pages : 38
Book Description
Publisher:
ISBN:
Category : Petroleum reserves
Languages : en
Pages : 38
Book Description
Factors Influencing the Size of the U.S. Strategic Petroleum Reserve
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 56
Book Description
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 56
Book Description
Factors Influencing the Size of the U.S. Strategic Petroleum Reserve
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 42
Book Description
The potential value of the strategic petroleum reserve as a national security measure in diminishing U.S. vulnerability to the effects of interruptions in imported petroleum supplies, and in carrying out U.S. international energy commitments, is unquestionable. The law creating the reserve, however, allows considerable discretion in deciding how the reserve can most effectively be established. Determining the optimal size of the reserve is extremely difficult given the many unknowns, assumptions, variables and political factors. No study has shown what the optimal size should be. However, a Department of Energy analysis, athough not designed to determine an optimally sized reserve, has projected a range of supply interruptions that would require a billion-barrel reserve. The functioning of an international program is doubtful during a severe supply interruption because of the following: (1) an inadequate definition of emergency reserve stocks, which results in overstated available reserves; (2) the lack of a binding mechanism to settle price disputes; and (3) insufficient mandatory reallocation procedures. A large portion of projected shortfalls under the most severe interruptions could result from U.S. supply obligations to other nations. An analysis of the reserve programs of the International Energy Agency revealed that the 1 billion barrel U.S. reserve is disproportionately larger than that of any other nation. The absence of mandatory industry involvement in the U.S. program distinguishes it from other emergency reserve programs. Programs which require industry and consumers to share reserve costs warrant consideration by the United States.
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 42
Book Description
The potential value of the strategic petroleum reserve as a national security measure in diminishing U.S. vulnerability to the effects of interruptions in imported petroleum supplies, and in carrying out U.S. international energy commitments, is unquestionable. The law creating the reserve, however, allows considerable discretion in deciding how the reserve can most effectively be established. Determining the optimal size of the reserve is extremely difficult given the many unknowns, assumptions, variables and political factors. No study has shown what the optimal size should be. However, a Department of Energy analysis, athough not designed to determine an optimally sized reserve, has projected a range of supply interruptions that would require a billion-barrel reserve. The functioning of an international program is doubtful during a severe supply interruption because of the following: (1) an inadequate definition of emergency reserve stocks, which results in overstated available reserves; (2) the lack of a binding mechanism to settle price disputes; and (3) insufficient mandatory reallocation procedures. A large portion of projected shortfalls under the most severe interruptions could result from U.S. supply obligations to other nations. An analysis of the reserve programs of the International Energy Agency revealed that the 1 billion barrel U.S. reserve is disproportionately larger than that of any other nation. The absence of mandatory industry involvement in the U.S. program distinguishes it from other emergency reserve programs. Programs which require industry and consumers to share reserve costs warrant consideration by the United States.
Choosing the Overall Size of the Strategic Petroleum Reserve
Author: Egon Balas
Publisher:
ISBN:
Category : Embargo
Languages : en
Pages : 23
Book Description
The purpose of the Strategic Petroleum Reserve(SPR) is to diminish U.S. vulnerability to, as well as to offer protection against, possible future oil embargoes. This paper formulates the problem of determining the optimal size of SPR as a parametric bimatrix game between the U.S. and its potential opponent. The strategies of the opponent are embargoes of various intensities and lengths, including of course the no embargo option. The strategies of the U.S. are various ways of using the reserve. The size of the reserve itself is a parameter present in both payoff functions. Solving the game for the relevant reserve, as well as on U.S. drawdown policies in case of an embargo. The crucial element in the game-theoretic approach is that, unlike the traditional cost-benefit analysis, it fully captures the embargo-deterrent effect of an appropriate Strategic Petroleum Reserve. (Author).
Publisher:
ISBN:
Category : Embargo
Languages : en
Pages : 23
Book Description
The purpose of the Strategic Petroleum Reserve(SPR) is to diminish U.S. vulnerability to, as well as to offer protection against, possible future oil embargoes. This paper formulates the problem of determining the optimal size of SPR as a parametric bimatrix game between the U.S. and its potential opponent. The strategies of the opponent are embargoes of various intensities and lengths, including of course the no embargo option. The strategies of the U.S. are various ways of using the reserve. The size of the reserve itself is a parameter present in both payoff functions. Solving the game for the relevant reserve, as well as on U.S. drawdown policies in case of an embargo. The crucial element in the game-theoretic approach is that, unlike the traditional cost-benefit analysis, it fully captures the embargo-deterrent effect of an appropriate Strategic Petroleum Reserve. (Author).
Review of the Strategic Petroleum Reserve Plan
Author: United States. Congress. Senate. Committee on Interior and Insular Affairs
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 528
Book Description
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 528
Book Description
Factors Influencing the Size of the U. S. Strategic Petroleum Reserve
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781721601134
Category :
Languages : en
Pages : 48
Book Description
Factors Influencing the Size of the U.S. Strategic Petroleum Reserve
Publisher: Createspace Independent Publishing Platform
ISBN: 9781721601134
Category :
Languages : en
Pages : 48
Book Description
Factors Influencing the Size of the U.S. Strategic Petroleum Reserve
The Strategic Petroleum Reserve
Author: David L. Weimer
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 256
Book Description
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 256
Book Description
U.S. Strategic Petroleum Reserve at a Turning Point -- Management of Cost, Oil Supply Problems, and Future Site Development
Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Governmental investigations
Languages : en
Pages : 74
Book Description
Publisher:
ISBN:
Category : Governmental investigations
Languages : en
Pages : 74
Book Description
Strategic Petroleum Reserve, Expansion of Reserve
Author: United States. Strategic Petroleum Reserve Office
Publisher:
ISBN:
Category : Environmental impact statements
Languages : en
Pages : 398
Book Description
Publisher:
ISBN:
Category : Environmental impact statements
Languages : en
Pages : 398
Book Description
Strategic Petroleum Reserve
Author: United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy Resources and Materials Production
Publisher:
ISBN:
Category : Petroleum reserves
Languages : en
Pages : 50
Book Description
Publisher:
ISBN:
Category : Petroleum reserves
Languages : en
Pages : 50
Book Description