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Book Evaluation of the Department of Energy s Plan to Sell Oil from the Strategic Petroleum Reserve

Download or read book Evaluation of the Department of Energy s Plan to Sell Oil from the Strategic Petroleum Reserve written by United States. General Accounting Office and published by . This book was released on 1985 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pursuant to a congressional request, GAO reviewed the Department of Energy's (DOE) plan for selling oil from the Strategic Petroleum Reserve (SPR) to analyze: (1) the plan's potential effects on world oil prices; (2) the issues affecting who would get SPR oil under this plan; and (3) how the plan compares with alternative sales mechanisms. GAO found that the plan's market approach would probably limit oil price increases in a severe supply disruption and allow broad participation in the sale. However, there were potential problems identified with oil distribution under the plan. DOE, in taking a market approach to the distribution, plans to award SPR sales contracts to the highest bidders who would be considered eligible buyers. This would allow any foreign country to buy the oil and does not limit the amount that a single buyer could purchase at a given sale. GAO also examined alternative sales methods of interest to Congress, including: (1) the continuous sale of options to buy SPR oil in advance of an oil emergency; and (2) allocation of SPR oil at government-set prices. Most industry representatives opposed the sale of SPR options because of their concerns about the length of time during which options could be exercised and who should be eligible to buy the options. GAO found that uncompetitive allocation of SPR oil would entail administrative difficulties that would undermine its intended benefits since it would be difficult to develop criteria for fair distribution.

Book GAO Documents

    Book Details:
  • Author : United States. General Accounting Office
  • Publisher :
  • Release : 1985
  • ISBN :
  • Pages : 496 pages

Download or read book GAO Documents written by United States. General Accounting Office and published by . This book was released on 1985 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catalog of reports, decisions and opinions, testimonies and speeches.

Book The Strategic Petroleum Reserve

Download or read book The Strategic Petroleum Reserve written by Bruce Andre Beaubouef and published by Texas A&M University Press. This book was released on 2007 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1973, the United States and other western countries were shocked by the Arab oil embargo. Lines formed at gasoline pumps; fuel stations ran out of supply; prices skyrocketed; and the nation realized its vulnerability to decisions made by leaders of countries half a world away. In response, the U.S. Strategic Petroleum Reserve (SPR), which was signed into law by President Gerald Ford in 1975, has become the nation?s primary tool of energy policy. Following its first major use during the Persian Gulf War of 1991, officials and policy makers at the highest levels increasingly turned to the SPR to stave off shortages and mitigate rising energy prices. Author and historian Bruce A. Beaubouef examines, for the first time, the interactions that have shaped the development of the SPR. He argues that the SPR has survived because it is a passive regulatory tool that serves to protect energy consumers and petroleum consumption and does not compete with the American oil industry. Indeed, by the late twentieth century, as American import dependency reached new heights, refiners and transporters increasingly relied upon the SPR as a ready resource to help maintain feedstock when supplies were tight or disrupted. In a time of continued vulnerability, this definitive work will be of interest to those concerned with the history, economy, and politics of the oil and gas industry, as well as to historians and practitioners of oil and energy policy.

Book Fossil Energy Update

Download or read book Fossil Energy Update written by and published by . This book was released on 1977 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Energy Abstracts for Policy Analysis

Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1988 with total page 724 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Review of the Strategic Petroleum Reserve Plan

Download or read book Review of the Strategic Petroleum Reserve Plan written by United States. Congress. Senate. Committee on Interior and Insular Affairs and published by . This book was released on 1977 with total page 526 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Federal Evaluations

Download or read book Federal Evaluations written by and published by . This book was released on with total page 1216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains an inventory of evaluation reports produced by and for selected Federal agencies, including GAO evaluation reports that relate to the programs of those agencies.

Book Energy Research Abstracts

Download or read book Energy Research Abstracts written by and published by . This book was released on 1993 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Energy and Water Development Appropriations for Fiscal Year 2009

Download or read book Energy and Water Development Appropriations for Fiscal Year 2009 written by United States. Congress. Senate. Committee on Appropriations. Subcommittee on Energy and Water Development and published by . This book was released on 2009 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Energy Information Abstracts

Download or read book Energy Information Abstracts written by and published by . This book was released on 1989 with total page 1216 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Responding to International Oil Crises

Download or read book Responding to International Oil Crises written by George Horwich and published by A E I Press. This book was released on 1988 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Federal Program Evaluations

Download or read book Federal Program Evaluations written by and published by . This book was released on 1984 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains an inventory of evaluation reports produced by and for selected Federal agencies, including GAO evaluation reports that relate to the programs of those agencies.

Book Monthly Catalog of United States Government Publications

Download or read book Monthly Catalog of United States Government Publications written by United States. Superintendent of Documents and published by . This book was released on 1985 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: February issue includes Appendix entitled Directory of United States Government periodicals and subscription publications; September issue includes List of depository libraries; June and December issues include semiannual index

Book Congressional Record Index

Download or read book Congressional Record Index written by and published by . This book was released on 2000 with total page 1520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes history of bills and resolutions.

Book Congressional Record

    Book Details:
  • Author : United States. Congress
  • Publisher :
  • Release : 2000
  • ISBN :
  • Pages : 1520 pages

Download or read book Congressional Record written by United States. Congress and published by . This book was released on 2000 with total page 1520 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)

Book Strategic Petroleum Reserve Annual Report

Download or read book Strategic Petroleum Reserve Annual Report written by and published by . This book was released on 1996 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book EIA Publications Directory

Download or read book EIA Publications Directory written by and published by . This book was released on with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: