Feasibility Study for Requiring Storage of Crude Oil, Residual Fuel Oil and/or Refined Petroleum Products by Industry. Amendment No. 1 to Final Report

摘要

Subsequent to the preparation of the original Industrial Petroleum Reserve (IPR) feasibility study (TID 28465) a number of actions and events have occurred: A public hearing was held by FEA in July to obtain comments, information, and data on the feasibility of implementing the IPR program. Focus shifted from assessing the feasibility of alternative IPR configurations to determining whether or not to implement any option. The Federal Energy Administration (FEA) prepared and staffed an issue paper focused on the costs, benefits, advantages, and disadvantages of exercising the discretionary IPR authority contained in S156 of the Energy Policy and Conservation Act (EPCA). New information on Strategic Petroleum Reserve (SPR) facility costs, fill rates, and program plans has continued to develop and evolve. As a result of these activities, a number of changes, additions, and augmentations to the original document are warranted. This addendum is presented to document and consolidate those which are critical to the decision process. (ERA citation 03:046750)