Happy Tuesday!
We visited the
ILTA Trade Show, yesterday and had an informative visit with some of our
vendors. We hope you had a chance to
stop by the show and wasn’t frustrated by the lack of parking with the World Cup,
Astros baseball game and another exhibition show at George R. Brown. It was a very busy area for the show,
nonetheless it was a show worthy of a visit.
Did anyone
happen to read the Oil & Gas Journal’s OGJ Daily Update Newsletter on
June 11, 2026, their article titled, “US emergency stockpile dropping to critical
levels, DOE continues to release crude”? In the article, it gives on an update on the
U.S. Department of Energy’s (DOE) Strategic Petroleum Reserve (SPR). The SPR has reached a low of approximately
350 million barrels of oil. The DOE on
Monday had an RFP close which will lower it further, and there are scheduled
deliveries thru July. The end of July,
the SPR is expected to be at approximately 250 million barrels which is a low
not seen since the SPR was still being filled approximately forty-five years
ago. This has energy experts concerned due to hurricane, wildfire and other
emergencies will not have the padding we normally have when these emergencies
hit the states and refiners are slowed.
It is estimated 250 million barrels is approximately thirteen days of
use for the U.S. The article went on the
discuss how the DOE is in discussions to create a west coast SPR site in
California now drilling has resumed offshore and the concern over California
importing more than half the oil used. We will let you know, if we hear anything else
on the SPR. If you would like to read
more of the Oil & Gas Journal’s article, please click the link: US
emergency stockpile dropping to critical levels, DOE continues to release crude
| Oil & Gas Journal.
Our team has
experience in developing hydrocarbon storage facilities, so if you too would
like to get a project going, we’re here to help! Don’t forget to check out our ESC website or contact us via
the email in the Blog!
We hope you have a wonderful evening and a productive week! Keep dry and be safe!
**Disclaimer: You may be charged a fee to read The Oil
and Gas Journal’s article. **
