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.
Download or read book Evaluation of the Department of Energy s plan to sell oil from the strategic petroleum reserve written by and published by . This book was released on 1985 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Evaluating the Proposed Test Drawdown and Sale of Strategic Petroleum Reserve Oil written by Rand Corporation and published by . This book was released on 1985 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the authority of the Energy Policy and Conservation Act of 1975, the Department of Energy (DOE) maintains and operates the Strategic Petroleum Reserve (SPR). In the event of an energy emergency, the President would initiate a drawdown of the Reserve to counter the harmful economic effects of a severe shortage in oil supplies. To prepare better for an emergency, DOE has conducted several exercises to test the Reserve's administrative and operational systems. In 1984, DOE planned a test drawdown and sale of SPR oil. This exercise would, for the first time, have involved the sale of a small amount of SPR oil to the highest bidders, and would have tested simultaneously the operation of all SPR subsystems. This Note lays the groundwork for the evaluation of such a test.
Download or read book Naval Petroleum Reserve No 1 written by United States. General Accounting Office and published by . This book was released on 1988 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Energy Action DOE No 5 written by United States. Congress. House. Committee on Interstate and Foreign Commerce. Subcommittee on Energy and Power and published by . This book was released on 1980 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategic Petroleum Reserve and the Department of Energy s Baseline Assessment written by United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy and Mineral Resources and published by . This book was released on 1984 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Analysis of Oil Withdrawal and Distribution Tests for the Strategic Petroleum Reserve written by United States. General Accounting Office and published by . This book was released on 1985 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
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.
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:
Download or read book Response Plan written by United States. Department of Energy and published by . This book was released on 1979 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Future of the Strategic Petroleum Reserve written by United States. Congress. House. Committee on Commerce. Subcommittee on Energy and Power and published by . This book was released on 1996 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Factors Influencing the Size of the U S Strategic Petroleum Reserve written by United States. General Accounting Office and published by . This book was released on 1979 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Review of the Administration s Proposal to Impose an indefinite Moratorium on the Strategic Petroleum Reserve Program written by United States. Congress. House. Committee on Government Operations. Environment, Energy, and Natural Resources Subcommittee and published by . This book was released on 1985 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 518 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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:
