Download or read book Problems with Distribution of Oil from the Strategic Petroleum Reserve written by United States. Congress. House. Committee on Government Operations. Environment, Energy, and Natural Resources Subcommittee and published by . This book was released on 1984 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Problems with Distribution of Oil from the Strategic Petroleum Reserve 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 0 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 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 Strategic Petroleum Reserve written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Fossil and Synthetic Fuels and published by . This book was released on 1983 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategic Petroleum Reserve written by Robert Bamberger and published by DIANE Publishing. This book was released on 2010 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: (1) History of the Strategic Petroleum Reserve (SPR): Establishment of the SPR; (2) The Drawdown Authorities: Proposals in the 111th Congress to Amend the Authorities; (3) Acquisition of Crude Oil for the SPR: Resumption of Fill (2009); Royalty-in-Kind Acquisition; (4) When Should the SPR Be Used?: The Debate Over the Years; Use of the SPR in the Persian Gulf War (1990); Hurricanes and Changes in the Market Dynamics (2005-2008); The Call for an SPR Drawdown: Summer 2008; (5) Establishment of a Regional Home Heating Oil Reserve.
Download or read book Oil Reserve Some Concerns Remain About SPR Drawdown and Distribution written by and published by . This book was released on 1990 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current crisis in the Persian Gulf has brought renewed attention to the role of the Department of Energy's (DOE) Strategic Petroleum Reserve (SPR) in mitigating the effects of an oil supply disruption. The SPR provides insurance against future oil supply interruptions and the impact of such interruptions on the nation's economy. To provide this protection, however, DOE must be able to offset the supplies lost by quickly drawing down SPR oil from its storage sites and distributing it to purchasers. At the request of the Chairman of the Environment, Energy, and Natural Resources Subcommittee of the House Committee on Government Operations, GAO examined DOE's SPR drawdown plans. Specifically, GAO was asked to (1) review DOE's current and planned capability for removing the oil from SPR sites and getting it to users through oil distribution networks, (2) examine the SPR's compliance with pipeline safety requirements, and (3) determine the status of DOE actions to correct problems GAO had previously reported.
Download or read book The United States remains unprepared for oil import disruptions written by United States. General Accounting Office and published by . This book was released on 1981 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reducing U S Vulnerability to Oil Supply Disruptions written by Walter S. Baer and published by . This book was released on 1980 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The vulnerability of the United States to oil supply disruptions is at least as serious as the more chronic economic problems of import dependence. Measures to deal with the vulnerability problem include: increasing oil purchases for the Strategic Petroleum Reserve; providing incentives for private stockpiling; and developing emergency preparedness plans. This does not mean that we should delay current measures to reduce overall import dependence, such as the decontrol of oil and gas prices. But we must focus more clearly on the vulnerability problem itself as the most critical short-term energy issue for the United States and our allies. Only if we are prepared to weather oil supply disruptions in the next few years will we be able to devise longer-term solutions to our energy problems.
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 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Government Responses to Oil Supply Disruptions written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 1981 with total page 896 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 40 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 Strategic Petroleum Reserve written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-09-13 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congress authorized the Strategic Petroleum Reserve (SPR), operated by the Department of Energy (DOE), to release oil to the market during supply disruptions and protect the U.S. economy from damage. The reserve can store up to 727 million barrels of crude oil, and currently contains enough oil to offset 59 days of U.S. oil imports. GAO answered the following questions: (1) What factors do experts recommend be considered when filling and using the SPR? (2) To what extent can the SPR protect the U.S. economy from damage during oil supply disruptions? (3) Under what circumstances would an SPR larger than its current size be warranted? As part of this study, GAO developed oil supply disruption scenarios, used models to estimate potential economic harm, and convened 13 experts in conjunction with the National Academy of Sciences.
Download or read book Standby Oil Controls written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 1981 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Weekly Petroleum Status Report written by 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 Strategic Petroleum Reserve Drawdown and Distribution Report written by United States. Department of Energy and published by . This book was released on 1982 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategic Petroleum Reserve Quarterly Report written by and published by . This book was released on with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
