Download or read book Report to the Congress on Expansion of the Strategic Petroleum Reserve to One Billion Barrels written by and published by . This book was released on 1989 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report to Congress on Expansion of the Strategic Petroleum Reserve to One Billion Barrels written by and published by . This book was released on 1989 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report to the Congress on Candidate Sites for Expansion of the Strategic Petroleum Reserve to One Billion Barrels written by and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report to the Congress on Candidate Sites for Expansion of the Strategic Petroleum Reserve to One Billion Barrels written by and published by . This book was released on 1991 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report to the Congress on Candidate Sites for Expansion of the Strategic Petroleum Reserve to One Billion Barrels written by and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Crs Report for Congress written by Congressional Research Service: The Libr and published by BiblioGov. This book was released on 2013-10 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congress authorized the Strategic Petroleum Reserve (SPR) in the Energy Policy and Conservation Act (EPCA, P.L. 94-163) to help prevent a repetition of the economic dislocation caused by the 1973-1974 Arab oil embargo. The Department of Energy (DOE) manages the SPR, which comprises five underground storage facilities, solution-mined from naturally occurring salt domes in Texas and Louisiana. The Energy Policy Act of 2005 (EPAct) authorized SPR expansion to a capacity of 1 billion barrels, but physical expansion of the SPR has not proceeded beyond 727 million barrels its inventory at the end of 2010. In addition, a Northeast Home Heating Oil Reserve (NHOR) holds 2 million barrels of heating oil in above-ground storage. EPCA authorized drawdown of the Reserve upon a finding by the President that there is a "severe energy supply interruption." Congress enacted additional authority in 1990 (Energy Policy and Conservation Act Amendments of 1990, P.L. 101-383) to permit use of the SPR for short periods to resolve supply interruptions stemming from situations internal to the United States. The meaning of a "severe energy supply interruption" has been controversial. EPCA intended use of the SPR only to ameliorate discernible physical shortages of crude oil. The government had ended ...
Download or read book Strategic petroleum reserve plan written by and published by . This book was released on 2007 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategic Petroleum Reserve Substantial Progress Made But Capacity and Oil Quality Concerns Remain written by United States. General Accounting Office and published by . This book was released on 1981 with total page 68 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 Crs Report for Congress written by Congressional Research Service: The Libr and published by BiblioGov. This book was released on 2013-11 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report to the Congress on Alternative Methods for the Strategic Petroleum Reserve written by and published by . This book was released on 1990 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study is to fulfill the requirements of Public Law No. 101-46, approved June 30, 1989. The study describes and evaluates alternative methods for financing the future expansion of the Strategic petroleum Reserve (SPR), both to the current target level of 750 million barrels and to potential future levels of up to one billion barrels.
Download or read book Strategic Petroleum Reserve written by United States. Government Accountability Office and published by DIANE Publishing. This book was released on 2006 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategic Petroleum Reserve written by Robert Bamberger and published by Nova Publishers. This book was released on 2006 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: To help prevent a repetition of the economic dislocation caused by the 1973-74 Arab oil embargo, Congress authorised the Strategic Petroleum Reserve (SPR) in the Energy Policy and Conservation Act (EPCA, P.L. 94-163). Physically, the SPR comprises five underground storage facilities, hollowed out from naturally occurring salt domes, located in Texas and Louisiana. Oil stored at one of the sites, Weeks Island, was transferred after problems with the structural integrity of the cavern were discovered in the mid-1990s. Hurricane Katrina made landfall early in the morning of August 29, 2005 inflicting severe damage and shutting down oil and gas production and refining activities in the Gulf of Mexico. Damage assessments continue. By September 2, three requests for loans totalling 8.5 million barrels had been approved; a few others are pending. The Administration also announced it was making 30 million barrels available. However, as a policy tool to respond to the crisis, the SPR has limitations because a barrel of crude contributes to product supply only if there is refining capacity to turn the crude into gasoline or diesel fuel. Consequently, recovery from the hurricane's effects will depend upon resumption of production and refining operations in the Gulf, and the ability to transport petroleum products. On August 8, 2005, the President signed the Energy Policy Act of 2005 (H.R. 6). The bill as enacted permanently authorises the SPR and requires, "as expeditiously as practicable," expansion of the SPR to its authorised maximum of 1 billion barrels. The Secretary is required to develop procedures for achieving the fill objective without "incurring excessive cost," or placing upward pressure on prices. Any fill policy is also to take into consideration minimising income foregone to the Treasury by filling the SPR with additional royalty-in-kind (RIK) oil.
Download or read book Strategic Petroleum Reserve Improving the Cost Effectiveness of Filling the Reserve written by Frank Rusco and published by DIANE Publishing. This book was released on 2008-07 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Strategic Petroleum Reserve (SPR) helps protect the U.S. economy from oil supply disruptions and currently holds 700 million barrels of crude oil. The Energy Policy Act directed the DoE to increase the SPR storage capacity from 727 million barrels to 1 million barrels. Since 1999, oil for the SPR has been obtained through the royalty-in-kind program, whereby the gov¿t. receives oil instead of cash for payment of royalties on leases of fed. property. The Minerals Mgmt. Service collects the royalty oil and transfers it to DoE, which then trades it for oil for the SPR. This testimony focuses on: (1) factors for DoE to consider when filling the SPR; and (2) the cost-effectiveness of using oil received through the royalty-in-kind program to fill the SPR.
Download or read book The Strategic Petroleum Reserve written by United States. General Accounting Office and published by . This book was released on 1985 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Expansion of the Strategic Petroleum Reserve energy Action No DOE 001 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 1978 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report to the President and the Congress on the Size of the Strategic Petroleum Reserve written by and published by . This book was released on 1982 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is to satisfy the requirement of the Omnibus Budget Reconciliation Act of 1981 that the Secretary of Energy transmit a report to the President and the Congress regarding the final storage level of the Strategic Petroleum Reserve (SPR). The legislation requires an analysis of the costs and benefits associated with achieving the 1 billion barrel SPR size set forth in the SPR Plan as amended, and any larger or smaller final storage level which may be appropriate. To be responsive to the specific information request of Congress, the focus of this report is on the quantification of the relative costs and benefits associated with different SPR sizes. In addition, it is recognized that there are other reasons for having a government oil stockpile which are not readily quantified. These reasons include foreign policy and national security implications of a petroleum supply disruption. The Department believes that large strategic oil stockpiles can be cost-effective for coping with oil supply disruptions and recommends continued development of a 750 million barrel (MMB) SPR as provided for in the President's FY 1983 budget proposals. The Department does not believe it is necessary or appropriate to change the SPR Plan provisions for an ultimate stockpile size up to 1 billion barrels, on the ground that increases beyond the planned 750 MMB SPR system at a future date could provide net economic benefits to the United States.
