Limitations
The Strategic Petroleum Reserve is exclusively a crude petroleum reserve, not a stockpile of refined petroleum fuels, such as gasoline, diesel and kerosene. Although there are small-scale (2,000,000 barrels) heating oil reserves in Connecticut, Rhode Island and New Jersey under the aegis of the Department of Energy (DOE), the federal government maintains no gasoline reserves on anything like the scale of the SPR. Consequently, while the US enjoys some protection from disruptions in oil supplies, it would have to depend on other stockpiling members of the International Energy Agency for relief from any major disruption to refinery operations. Since no new refineries have been constructed in the US for thirty years, there is little excess refining capacity. This was illustrated during Hurricane Katrina, when many of the Gulf coast oil refining complexes were disrupted for some time.
There have been suggestions that the DOE should stockpile both gasoline and jet fuel, to rectify this weakness. Some countries and zones, such as Australia, have a strategic reserve of both petroleum and petroleum products. In some cases, this includes a strategic reserve of jet fuel.
The former Secretary of Energy, Samuel Bodman, has said the Department will consider refined products as part of the expansion of between 1 billion and 1.5 billion barrels (240,000,000 m3).
Read more about this topic: Strategic Petroleum Reserve (United States)
Famous quotes containing the word limitations:
“No man could bring himself to reveal his true character, and, above all, his true limitations as a citizen and a Christian, his true meannesses, his true imbecilities, to his friends, or even to his wife. Honest autobiography is therefore a contradiction in terms: the moment a man considers himself, even in petto, he tries to gild and fresco himself.”
—H.L. (Henry Lewis)
“Much of what contrives to create critical moments in parenting stems from a fundamental misunderstanding as to what the child is capable of at any given age. If a parent misjudges a child’s limitations as well as his own abilities, the potential exists for unreasonable expectations, frustration, disappointment and an unrealistic belief that what the child really needs is to be punished.”
—Lawrence Balter (20th century)
“That all may be so, but when I begin to exercise that power I am not conscious of the power, but only of the limitations imposed on me.”
—William Howard Taft (1857–1930)