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Fossil Energy, Department of Energy, Executive (111 - 120 of 120 items)
The Strategic Petroleum Reserve
110318: Sep 10, 1979
The subject of GAO work on the strategic petroleum reserve program's management of facility cost, oil supply, and future site development is addressed. It appears that the Department of Energy is instituting the proper tools it will need to better manage and control facility costs. These tools, however, can only be as effective as management makes them by diligently monitoring the systems to insur...
Factors Influencing the Size of the U.S. Strategic Petroleum Reserve
ID-79-8: Published: Jun 15, 1979. Publicly Released: Jun 15, 1979.
The potential value of the strategic petroleum reserve as a national security measure in diminishing U.S. vulnerability to the effects of interruptions in imported petroleum supplies, and in carrying out U.S. international energy commitments, is unquestionable. The law creating the reserve, however, allows considerable discretion in deciding how the reserve can most effectively be established. Det...
Information on Department of Energy's Management of the Strategic Petroleum Reserve
EMD-79-49: Published: Mar 22, 1979. Publicly Released: Apr 20, 1979.
Answers are presented to a series of congressionally generated questions concerning the management of the strategic petroleum reserve program by the Department of Energy.Prior review of the cost and feasibility of salt cavern storage raised questions concerning the need for better information to reduce risks and uncertainties regarding the suitability of specific caverns for storage. However, salt...
Management Control Procedures for Safeguarding and Maintaining the Strategic Petroleum Reserve
EMD-79-42: Published: Mar 27, 1979. Publicly Released: Mar 27, 1979.
Energy legislation required the Department of Energy (DOE) to create a strategic petroleum reserve to substantially reduce the Nation's vulnerability to interruptions of foreign petroleum supplies. As part of a current review the following items were examined: the oil withdrawal capabilities at each of the existing storage sites, the status of the security measures taken or planned, and, to a limi...
Need To Consider a Regional Petroleum Reserve for All Petroleum Products
EMD-79-14: Published: Mar 20, 1979. Publicly Released: Mar 20, 1979.
A review of efforts by the Department of Energy (DOE) to create a strategic petroleum reserve has brought to light the fact that legislation which authorized the development of regional reserves has not been fully implemented. Specifically, DOE has failed to obtain sufficient data concerning demand and imports of refined petroleum products.The Energy Policy and Conservation Act requires DOE to ann...
The Strategic Petroleum Reserve
108670: Feb 26, 1979
A progress report on an analysis of the optimum size for a U.S strategic petroleum reserve was presented. The following observations and conclusions were discussed: (1) research did not show that one billion barrels of oil was the optimum size reserve; (2) a recent analysis by the Department of Energy indicated that the largest potential supply shortfalls, 6.6 and 6.8 million barrels per day, wer...
Transportation Planning for the Strategic Petroleum Reserve Should Be Improved
LCD-78-211: Published: Oct 18, 1978. Publicly Released: Oct 18, 1978.
To minimize the vulnerability of the United States to the effects of a severe energy-supply interruption and to provide limited protection from the short-term consequences of interruptions in supplies of petroleum products, Congress provided for the creation of the Strategic Petroleum Reserve (SPR) for the storage of petroleum products. The current goal is to have 1 billion barrels of crude oil in...
Potential Savings through Purchase of Royalty Oil for Strategic Petroleum Reserve
EMD-79-1: Published: Oct 6, 1978. Publicly Released: Oct 6, 1978.
A 1977 report to Congress stated that oil produced from Outer Continental Shelf and onshore federal leases, on which royalties are paid, could be purchased for the Strategic Petroleum Reserve at substantial savings to the government. Department of Interior officials calculated that, based on May 1978 crude oil prices, royalty oil would be $3.01 a barrel less than the national average composite pri...
Questionable Suitability of Certain Salt Caverns and Mines for the Strategic Petroleum Reserve
EMD-78-65: Published: Aug 14, 1978. Publicly Released: Aug 14, 1978.
The Energy Policy and Conservation Act requires the Department of Energy (DOE) to create a strategic petroleum reserve to protect against disruptions in energy supplies. DOE plans to store 1 billion barrels of crude oil in salt caverns and mines by December 1985. Although DOE has not yet estimated the cost to store 1 billion barrels, it did estimate the cost to store 750 million barrels at $14.4 b...
Need To Minimize Risks of Using Salt Caverns for the Strategic Petroleum Reserve
EMD-78-25: Published: Jan 9, 1978. Publicly Released: Jan 9, 1978.
The Energy Policy and Conservation Act requires the Federal Energy Administration (FEA) to create a strategic petroleum reserve to protect against interruptions in energy and petroleum product supplies. Oil for the reserve will be stored in caverns within salt domes and in salt and limestone mines. FEA identified nine potential sites--four salt domes, three salt mines, and two limestone mines--wit...