ABSTRACT

Status of the Strategic Petroleum Reserve and Related Energy Security Issues, Hearing Before the Committee on Energy and Natural Resources, United States Senate, One Hundred Sixteenth Congress, First Session, October 17, 2019   [open pdf - 12MB]

This is the October 17, 2019 hearing on "The Status of the Strategic Petroleum Reserve and Related Energy Security Issues," held before the U.S. Senate Committee on Energy and Natural Resources. From the opening statement of Lisa Murkowski: "[W]e have had many, many conversations about the significance, the importance of the SPRO [Strategic Petroleum Reserve or SPR]. We use a lot of terminology about not using this as an ATM [automated teller machine] or the piggy bank or the cash mechanism for so many other initiatives. But it seems that we are in a never-ending place trying to educate people about the Strategic Petroleum Reserve. We are going to continue that education process this morning as we speak about its importance to our national energy security. The SPRO is a vital national asset. In a pair of staff reports that we released back in 2015--I argued that it must be maintained in case of supply disruptions and the economic shockwaves that can follow. We entitled one, ''A Turbulent World: In Defense of the Strategic Petroleum Reserve.'' [...] I think we recognize that you don't give up your health insurance policy when you are healthy. We should not give up on the SPRO just because we are producing more oil right now. In fact, I believe the SPRO, the most important strategic energy stockpile in the world, is critical to our American energy dominance." Statements, letters, and materials submitted for the record include those of the following: Linda Capuano, Steven E. Winberg, Jason E. Bordoff, Phillip Brown, and Keisuke Sadamori.

Report Number:
S. Hrg. 116-337; Senate Hearing 116-337
Publisher:
Date:
2021
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations