SPR REACHES CAPACITY TARGET
The Department of Energy has reached the national goal, set in 1978, of creating 750 million bbl of storage space for the U.S. Strategic Petroleum Reserve. Currently 570 million bbl of oil are in storage at six SPR sites in Texas and Louisiana. Congress last year enacted a bill requiring DOE to expand the SPR to 1 billion bbl. DOE is studying four salt domes in Louisiana and four in Texas to determine the best candidates for the added storage. It expects to select sites in September 1992.