This is an excerpt from EERE Network News, a weekly electronic newsletter.

February 21, 2007

DOE to Add Strategic Petroleum Storage Site in Mississippi

DOE announced on February 14th that it has chosen Richton, Mississippi, as the site for a new underground petroleum storage facility for the U.S. Strategic Petroleum Reserve (SPR). Located about 70 miles due north of Biloxi, which is on the Gulf Coast, the Richton site will be the first SPR storage site located inland, thereby providing less vulnerability to hurricanes. The four other SPR sites are located on the Gulf Coast in Louisiana and Texas. Richton has access to an oil pipeline that will connect the new facility to refiners and marine facilities in Pascagoula, Mississippi. The SPR currently holds 688 million barrels of petroleum in reserve, but the Energy Policy Act of 2005 directs DOE to expand the SPR to one billion barrels of petroleum. DOE expects to gradually build to that level of storage over the next 20 years. See the DOE press release and for background on the SPR, see the DOE Fossil Energy Web site.

Features