Banner Graphic, Volume 13, Number 104, Greencastle, Putnam County, 8 January 1983 — Page 3

Uncle Sam's energy trump card Although behind schedule, the Strategic Petroleum Reserve fills up

B > BILL CRIDER Associated Press Writer NEW ORLEANS (AP) After a slow start, near starvation during the oil shortage following the Iranian revolution and efforts by President Reagan to slow the project, the Strategic Petroleum Reserve is beginning to fillup. The storage holes in Louisiana and Texas held 291 million barrels of oil for emergency use at the end of 1982. A barrel, the common oilfield measure, is 42 gallons. With the United States importing crude oil at the rate of 4.5 million barrels a day, the emergency pool could fill in for 65 days if all imports were cut off for some reason. It probably would last much longer, though, because of conservation measures. Plans call for the reserve eventually to hold 750 million barrels of oil. The latest hurdle for the project was Reagan’s attempt to reduce the fill rate to 90,000 barrels a day

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from 220,000 barrels due to the cost involved. The project has cost about sl2 billion so far, for the oil and to hollow out salt domes for storage space However, Congress voted last spring to set a minimum of 220,000 barrels a day and a maximum of 300,000. Reagan then decreed that 200,000 barrels a day was not in the national interest, and the fill rate was held at the minimum. “Congress mandated that we maintain a fill rate of 220,000 barrels a day and we are going to make it, says C. Curtis Johnson, a one-time physics professor who is project manager. Although the reserve is beginning to fill up, the project is still far behind the original targets. First plans called for the reserve to have 500 million barrels by 1982 enough to cover a six-month interruption in imports. It turned out to be harder than it looked, and more

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expensive. The government estimated, for example, that the reserve would cost between $7.5 billion and $8 billion “to design, construct, fill and maintain through 1982.’’ Another problem for the reserve arose last March, when accusations were made that barge loads of crude oil bound for one of the storage sites was diverted at some point and useless “slop oil” or even hazardous waste substituted. Johnson called the charges “blatantly riduculous,” and the inspector general of the Department of Energy said in July that the charges had been proven wrong. The oil for the reserve is imported, mainly from Mexico, the North Sea, Alaska, Saudi Arabia and other Middle East points. It is pumped from tankers into buried pipelines, then down into caverns scoured out in deep underground mountains of salt at four storage sites in Louisiana and one in Texas.

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