Happy Monday! Welcome back to another week of ESC News Blog!
At this point,
you know how we enjoy writing follow-ups for our Blog! We wrote about the Strategic Petroleum Reserve (SPR) having
purchased or have had returned to them more than 40 million barrels of oil, and
they have lined up purchasing agreements for another approximately 9 million
barrels to be delivered this fall to Big Hill SPR in Texas.
Did anyone
happen to read the DOE’s CESER Updates Newsletter for the Strategic
Petroleum Reserve on July 29, 2024, their update included, “The New
Purchase of 4.65 million Barrels Means Department of Energy has Purchased Over
40 Million Barrels, Showcasing the Biden-Harris Administration’s Commitment to
Replenish the SPR at a Good Price, Maintain the SPR’s Operational Readiness,
and Protect the Nation’s Energy Security”?
In the DOE’s updates, the Office of Petroleum Reserves has announced they
have locked in good prices and quality standards were met by two companies, therefore
purchasing agreements have been signed for 4.65 million barrels of crude for
their reserves at Bayou Choctaw in Louisiana to be delivered the last quarter
of 2024. The DOE’s Office of Petroleum
Reserves had five companies submit 42 bids for their July 18, 2024, RFP deadline,
if you would like to read more of the announcement, please click the link: Biden-Harris Administration Purchases More Than 4 Million Barrels for the Strategic Petroleum Reserve – Bringing Total Purchased to 40 Million at a Good Deal for American Taxpayers | Department of Energy.
If you would like details on the amounts purchased and companies involved,
please click the link: Strategic Petroleum Reserve - United States Department of Energy (azurefd.us).
If you would
like help in looking into how to transport your liquid petroleum product efficiently,
safely, and with less of a carbon footprint or just find out what is underneath
your feet to help with your emission reduction goals, contact us via email in
the blog and check out our ESC's website!
We hope you have a wonderful evening!
**Disclaimer: Please see the update from CESER for
specifics to the solicitations. **