View source for Northeast Home Heating Oil Reserve

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]] that use heating oil for their homes.

==History==
On July 10, 2000, [[President of the United States]] [[Bill Clinton]] directed Energy Secretary [[Bill Richardson]] to establish a {{convert|2000000|USbbl|USgal L|adj=on}} home [[heating oil]] component of the [[Strategic Petroleum Reserve (United States)|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.<ref>[http://www.fossil.energy.gov/programs/reserves/heatingoil/ DOE - Fossil Energy: Home Heating Oil Reserve<!-- Bot generated title -->]</ref>

The reserve was opened for the first time in November 2012. {{convert|2000000|USgal|L}} were made available to local and Federal agencies for relief efforts in the wake of [[Hurricane Sandy]].<ref>{{Cite web|url=http://washingtonexaminer.com/obama-opens-strategic-oil-reserve-to-alleviate-hurricane-sandy-shortage/article/2512471|title=Obama opens strategic oil reserve to alleviate Hurricane Sandy shortage|date=2 November 2012}}</ref>

==Facilities==
*[[Hess Corporation|Amerada Hess Corp.]], Perth Amboy (near [[Woodbridge, New Jersey]]). Capacity 965,000 barrels
*Amerada Hess Corp., [[Groton, Connecticut]].  Capacity 250,000 barrels
*[[Morgan Stanley]], [[New Haven, Connecticut]].  Capacity 750,000 barrels

==See also==
{{Portal|Energy}}
*[[Energy security]]
*[[Strategic reserve]]

==References==
{{Reflist}}

[[Category:Petroleum in the United States]]
[[Category:Energy policy of the United States]]
[[Category:United States Department of Energy facilities]]
[[Category:Strategic reserves of the United States]]
[[Category:Heating oil]]


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