The Car and Truck Fleet and Leasing Management Magazine

DOE Explains How the U.S. Averted Greater Fuel Shortages

November 17, 2005

WASHINGTON, D.C. - Though many energy analysts predicted more severe fuel supply shortages in the wake of hurricanes Katrina and Rita, some well timed oil imports helped the nation avert that fate, according to the Energy Department’s Energy Information Administration (EIA). Just days before Katrina made landfall, the International Energy Agency (IEA) told its member countries to release strategic reserves of oil to help add extra supply into the market. As a result, the U.S. announced the sale of up to 30 million barrels of crude oil from the Strategic Petroleum Reserve; less than half of that was eventually sold. But some European countries responded by releasing strategic reserves of key petroleum products, especially gasoline. Those product reserves reached U.S. shores just as Hurricane Rita was taking a heavy toll on the Lake Charles and Port Arthur refining centers, thus averting a sharp drop in inventories, according to the EIA.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

The Ford Fusion all six-speed transmission lineup is available with I-4 and V-6 engine choices and a Hybrid model and Sport version.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.
 

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher