Europe:

European Union[edit]In the European Union, according to Council Directive 68/414/EEC of 20 December 1968, all 27 members must have a strategic petroleum reserve within the territory of the E.U. equal to at least 90 days average daily internal consumption.[34]

The Czech Republic has a four tank SPR facility in Nelahozeves run by the company CR Mero.[35] The Czech SPR is equal to 100 days of consumption or 20,300,000 barrels (3,230,000 m3).[36]

Denmark has a reserve of 81 days of consumption, equal to about 1,4 million tonnes of oil products.[37] Not counting reserves held by the military defence.

Finland has an SPR with an approximate size of 62,400,000 barrels (9,920,000 m3).[38]

France has an SPR with an approximate size of 65,000,000 barrels (10,300,000 m3).[39] As of 2000 jet fuel stocks were required for at least 55 days of consumption, with half of those stocks controlled by the Société Anonyme de Gestion des Stocks de Sécurité (SAGESS) and the other half controlled by producers.[40]

Germany created the Federal Oil Reserve in 1970, stored in the Etzel salt caverns near Wilhelmshaven in northern Germany, with an initial size of 70 million barrels (11,000,000 m3).[41] The current German Federal Oil Reserve and the Erdölbevorratungsverband (EBV) (the German stockholding company) mandates that refiners must keep 90 days of stock on hand, giving Germany an approximate reserve size of 250,000,000 barrels (40,000,000 m3) as of 1997.[42] The German SPR is the largest in Europe.

Hungary has an SPR with approximately 90 days of consumption or 11,880,000 barrels (1,889,000 m3).[43]

Ireland has approximately 31 days of oil stocks in Ireland and another 9 days of oil stocks held in fellow EU members states. Additionally, they have stock tickets (contracts with a 3rd party where the government has the option to purchase in the event of an emergency) and stocks held by large industry or large consumers. On average Ireland has approximately 100 days of oil available.[44][45]

Poland has an SPR with approximately 70 days of consumption.[46] Another facility holding 20 additional days of consumption is scheduled to be completed in 2008.[35] Poland also requires oil companies to maintain reserves sufficient for 73 days of production.[47]

Portugal has an SPR with an approximate size of 22,440,000 barrels (3,568,000 m3).[48]

Slovakia has an SPR with an approximate size of 748,000 barrels (118,900 m3).[36]

Spain has an SPR with an approximate size of 120,000,000 barrels (19,000,000 m3).[49]

Sweden has an SPR with an approximate size of 13,290,000 barrels (2,113,000 m3).[50]

The United Kingdom has created a strategic reserve, the size is unknown.


http://en.wikipedia.org/wiki/Global_strategic_petroleum_reserves#Europe

worldwide.

faster than Europe could find alternate supplies.

Without strategic oil reserves, a sudden switch off by Russia would be devastating. With reserves, they would have 90 days to get their act together - assuming most of the 27 member states are truthful about their reserves. Sounds like a lot of time, but......