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Congressional Testimony

Responding to energy disruptions pdf
Subject:EIA, energy markets
Presented by:John J. Conti, Acting Administrator
Presented to: Committee on Energy and Commerce, Subcommittee on Energy and Power
Washington, DC—November 2, 2017

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Annual Energy Outlook 2018 pdf ppt
Subject:Annual Energy Outlook 2018
Presented by:John J. Conti, Deputy Administrator
Presented to: Columbia University, Center on Global Energy Policy
New York, NY—February 13, 2018
Annual Energy Outlook 2018 pdf ppt
Subject:Annual Energy Outlook 2018
Presented by:Dr. Linda Capuano, Administrator
Presented to: Johns Hopkins University, School of Advanced International Studies
Washington, DC—February 6, 2018

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Recent legislation mandates additional sales of U.S. Strategic Petroleum Reserve crude oil

SPR inventories and planned sales, as explained in the article text
Source: U.S. Energy Information Administration, based on Strategic Petroleum Reserve
Note: Volumes sold in fiscal years 2017 through 2020 under the Bipartisan Budget Act of 2015 Section 404 are estimates based on projected prices of West Texas Intermediate crude oil in the February 2018 Short-Term Energy Outlook and Annual Energy Outlook 2018.

Recent legislation has directed the sale of more than 100 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR) in U.S. government fiscal years (FY) 2022 through 2027. Based on legislated sales established in multiple acts of Congress, the SPR could decline by about 40% in the coming decade while still meeting requirements for petroleum import coverage. Assuming no other legislation over this period, the SPR could decline from 695 million barrels at the start of 2017 to about 410 million barrels at the start of 2028.

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