Pins matching place:Freeport

Hurricane Katrina shut in about half of US domestic oil production and knocked out refineries and import terminals, so on 2 September 2005 President Bush found a severe energy supply interruption and ordered a sale. DOE offered 30 million barrels and sold 11 million; the first oil left Bryan Mound on 26 September.

DOE went back to the market on 1 April 2026 for a third exchange, this one drawn entirely from the Bryan Mound caverns outside Freeport, Texas. Bidders had until the following Monday, and a limited Jones Act waiver let them move the crude on foreign-flagged ships to get it to refiners faster.