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Pastimes : The New Qualcomm - write what you like thread. -- Ignore unavailable to you. Want to Upgrade?

To: S100 who wrote (2148)	9/21/2000 11:30:36 PM
From: S100	Respond to of 12247

U.S. oil stockpiled in deep underground caverns REUTERS September 21, 2000 WASHINGTON -- Some 570 million barrels of crude oil in the Strategic Petroleum Reserve are stored by the U.S. Department of Energy in underground salt caverns for use in emergencies. Since its creation during the oil crisis of the mid-1970s, the stockpile has been tapped only once for an emergency sale of 21 million barrels which occurred during the Gulf War. Oil in the reserve has also been used several other times in temporary swap arrangements to assist specific refiners having brief supply or pipeline problems, according to the DOE. The 570 million barrels represent about 60 days' worth of U.S. demand. The caverns, ranging in size from 6 to 30 million barrels, are located in Texas and Louisiana near the Gulf Coast. They offer high security and are the most affordable way to store oil, costing up to 10 times less than above-ground tanks, the DOE said. The average salt dome begins 2,000 feet underground and then extends for another 2,000 feet, with a diameter of about 200 feet. That's big enough for the World Trade Center to fit inside. The storage sites along the Gulf Coast were chosen because they are connected to interstate pipelines that could distribute oil to nearly half the U.S. refineries. The sites are also located near terminals so the oil can easily be loaded into ships or barges for transport to other refineries in an emergency. Once the president orders an emergency sale or swap from the stockpile, it would take about 15 days for the oil to enter the U.S. market, according to the DOE. The Strategic Petroleum Reserve's four sites are: 1.) Bryan Mound in Freeport, Texas Capacity: 232 million barrels Drawdown rate: 1.5 mln bpd (sour, sour/sweet crude) or 1 mln bpd (sweet crude) Distribution: Seaway Freeport Terminal, Seaway Texas City Terminal. 2.) West Hackberry in Hackberry, Louisiana Capacity: 222 million barrels Drawdown rate: 1.3 mln bpd (sweet or sour crude) Distribution: Sun Nederland Terminal, Texaco 16-inch pipeline to Midcontinent, Mobil 20-inch pipeline to Midwest. 3.) Big Hill in Winnie, Texas Capacity: 170 million barrels Drawdown rate: 1.1 mln bpd (sweet or sour crude) Distribution: Sun Nederland Terminal, Unocal Nederland Terminal, Texaco 16-inch pipeline to Midcontinent, Mobil 20-inch pipeline to Midwest. 4.) Bayou Choctaw in Baton Rouge, Louisiana Capacity: 76 million barrels. Drawdown rate: 515,000 bpd (sour crude), 300,000 bpd (sweet crude) Distribution: Equilon Sugarland Terminal, Capline 40-inch pipeline to the Midwest.

To: S100 who wrote (2148)	9/22/2000 2:05:17 AM
From: Peter J Hudson	Respond to of 12247

Annual oil royalty payout reaches nearly $2,000 per resident We deserve that money! We have to fight every year to keep the politician's paws out of it. Direct deposit Oct,4. Unfortunately the feds do get their cut on April 15 Pete

To: S100 who wrote (2148)	9/22/2000 2:18:31 AM
From: Snowshoe	Read Replies (1) \| Respond to of 12247

>>Annual oil royalty payout reaches nearly $2,000 per resident<< Thanks for reminding. Maybe this year I'll buy a G* phone with it. BTW, the State of Alaska owns a profitable railroad too. We bought it from the feds, modernized the track and equipment, boosted the freight, and attracted more passengers. Government is a beautiful thing!* alaskarailroad.com *Well, there are a few problems. The trains have too many fuel spills, and they crunch a lot of moose in the winter.