U.S. Department of Energy
Organization Overview: In the event of a commercial petroleum supply disruption, the United States can turn to the emergency stockpiles of petroleum products managed by the Department of Energy's Office of Petroleum Reserves (OPR). The mission of the OPR is to protect the United States from severe petroleum supply interruptions through the acquisition, storage, distribution and management of emergency petroleum stocks and to carry out U.S. obligations under the International Energy Program.
StatGenius Use case:
- Business Science Associates (StatGenius) helps the Strategic Petroleum Reserve (SPR) update and maintain a complex statistical model – which utilizes geographic, meteorological, and statistical analysis to predict how the nation’s energy supply will become affected by a storm. Our statistical analysis uses past hurricane events, as well as a fundamentals (bottom-up) approach to determine what the shortfall in production will be.
- This is used by SPR leadership to determine, if any, how much oil should be released from the reserves, to ensure consistent supply and provide a powerful response option to shortages in crude.
See live dashboard example: here