The Northeast Home Heating Oil Reserve was created in July 2000 to provide a reserve of heating oil for the approximately 5.3 million households in the Northeast region of the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

that use heating oil for their homes.

History

On July 10, 2000,

President of the United States The president of the United States (POTUS) is the head of state and head of government of the United States. The president directs the Federal government of the United States#Executive branch, executive branch of the Federal government of t ...

Bill Clinton William Jefferson Clinton (né Blythe III; born August 19, 1946) is an American politician and lawyer who was the 42nd president of the United States from 1993 to 2001. A member of the Democratic Party (United States), Democratic Party, ...

directed Energy Secretary

Bill Richardson William Blaine Richardson III (November 15, 1947 – September 1, 2023) was an American politician, author, and diplomat who served as the List of governors of New Mexico, 30th governor of New Mexico from 2003 to 2011. He was U.S. ambassador to ...

to establish a home

heating oil Heating oil is any petroleum product or other oil used for heating; it is a fuel oil. Most commonly, it refers to low viscosity grades of fuel oil used for furnaces or boilers for home heating and in other buildings. Home heating oil is often ...

component of the Strategic Petroleum Reserve in the Northeast. The intent was to create a buffer large enough to allow commercial companies to compensate for interruptions in supply or severe winter weather, but not so large as to dissuade suppliers from responding to increasing prices as a sign that more supply is needed. The reserve was opened for the first time in November 2012. were made available to local and Federal agencies for relief efforts in the wake of

Hurricane Sandy Hurricane Sandy (unofficially referred to as Superstorm Sandy) was an extremely large and devastating tropical cyclone which ravaged the Caribbean and the coastal Mid-Atlantic (United States), Mid-Atlantic region of the United States in late ...

Facilities

* Amerada Hess Corp., Perth Amboy (near

Woodbridge, New Jersey Woodbridge Township is a Township (New Jersey), township in northern Middlesex County, New Jersey, Middlesex County, in the U.S. state of New Jersey. The township is a regional hub of transportation and commerce for Central Jersey, central New ...

). Capacity 965,000 barrels *Amerada Hess Corp.,

Groton, Connecticut Groton ( ) is a town in New London County, Connecticut, United States, located on the Thames River (Connecticut), Thames River. It is the home of General Dynamics Electric Boat, which is the major contractor for submarine work for the United St ...

. Capacity 250,000 barrels *

Morgan Stanley Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

New Haven, Connecticut New Haven is a city of the U.S. state of Connecticut. It is located on New Haven Harbor on the northern shore of Long Island Sound. With a population of 135,081 as determined by the 2020 United States census, 2020 U.S. census, New Haven is List ...

. Capacity 750,000 barrels

References

Petroleum in the United States Energy policy of the United States United States Department of Energy facilities Strategic reserves of the United States Heating oil {{US-stub

History

Facilities

See also

References