Crude oil (41 - 50 of 252 items)
Energy Policy: Energy Policy and Conservation Act Reauthorization
T-RCED-94-214: Published: May 25, 1994. Publicly Released: May 25, 1994.
Pursuant to a congressional request, GAO discussed the reauthorization of the Energy Policy and Conservation Act, focusing on the: (1) priority of options to improve the Strategic Petroleum Reserve (SPR); (2) International Energy Agency's (IEA) evolving mission; and (3) options for enhancing revenues from the Naval Petroleum Reserve (NPR). GAO noted that: (1) resolving readiness problems at SPR, s...
Naval Petroleum Reserve: Limited Opportunities Exist to Increase Revenues From Oil Sales in California
RCED-94-126: Published: May 24, 1994. Publicly Released: May 25, 1994.
Pursuant to a congressional request, GAO provided information on Naval Petroleum Reserve (NPR) oil sales, focusing on whether: (1) NPR oil sales to Gulf Coast and mid-continent refiners would increase government revenues and result in higher prices for the remaining NPR oil in California; (2) there are barriers that impede the shipment of NPR oil to refiners; (3) the Department of Energy (DOE) can...
Performance Evaluation of the Energy Information Administration
PART-93-1: Published: Jun 1, 1993. Publicly Released: Jun 1, 1993.
GAO reviewed the results of the Professional Audit Review Team's (PART) evaluation of the Energy Information Administration (EIA).GAO found that: (1) recipients of EIA reports are confident in using the factual data in the reports and are satisfied with the reports' content; (2) 62 to 85 percent of the respondents stated that the reports are useful as sources of basic facts and for maintaining tre...
Energy Security and Policy: Analysis of the Pricing of Crude Oil and Petroleum Products
RCED-93-17: Published: Mar 19, 1993. Publicly Released: Mar 29, 1993.
Pursuant to congressional requests, GAO analyzed the pricing of crude oil and petroleum products under normal market conditions and during market shocks.GAO found that: (1) although the Organization of Petroleum Exporting Countries (OPEC) no longer sets prices for crude oil, members' decisions about the supply of oil can still have a significant impact on world oil prices; (2) crude oil is a scarc...
OCG-93-13TR: Published: Dec 1, 1992. Publicly Released: Dec 1, 1992.
Pursuant to a congressional request, GAO summarized information on federal energy and science issues facing Congress and the new administration.GAO noted that: (1) the United States depends upon petroleum and other fossil fuels for 85 percent of its general energy consumption and 70 percent of its energy production; (2) petroleum's low price discouraged development of alternative fuels, limited ef...
International Energy Agency: Response to the Oil Supply Disruption Caused by the Persian Gulf Crisis
NSIAD-92-93: Published: Jan 21, 1992. Publicly Released: Feb 24, 1992.
Pursuant to a congressional request, GAO reviewed the: (1) International Energy Agency's (IEA) decision to draw down emergency oil stocks in response to the oil supply disruptions that followed Iraq's invasion of Kuwait; (2) U.S. policy on restraining oil demand; (3) U.S. position on domestic sharing of oil supplies in an emergency and oil companies' views on that position; and (4) Department of E...
Meeting the Energy Challenges of the 1990s: Experts Define the Key Policy Issues
RCED-91-66: Published: Mar 1, 1991. Publicly Released: Mar 1, 1991.
GAO reported on a conference it sponsored to examine emerging energy policy issues, focusing on: (1) energy supply and demand; (2) energy and the environment; (3) management challenges at the Department of Energy (DOE); (4) the DOE nuclear weapons complex; and (5) energy research and development.GAO noted that: (1) a panel on the balancing energy supply and demand discussed securing sufficient and...
Energy Security: Impacts of Lifting Alaskan North Slope Oil Exports Ban
RCED-91-21: Published: Nov 8, 1990. Publicly Released: Nov 28, 1990.
Pursuant to a congressional request, GAO assessed the impact of removing export restrictions on Alaskan North Slope (ANS) crude oil, focusing on likely changes in the Alaskan oil trade between now and 1995, both with and without the ban, and how those changes could affect the nation's economy and energy security.GAO found that: (1) ANS crude oil distribution to eastern ports could cease in the nea...
Energy Regulation: Factors Relating to Oil Overcharge Settlements Need Better Documentation
RCED-90-181: Published: Aug 23, 1990. Publicly Released: Sep 27, 1990.
Pursuant to a congressional request, GAO provided information on several aspects of the Department of Energy's (DOE) Economic Regulatory Administration's (ERA) handling of the proposed settlement of overcharge litigation against an oil company.GAO found that: (1) ERA had little documentation of many of the significant events and decisions leading to the proposed settlement; (2) the proposed consen...
Long-Term Policies Needed to Address Energy Use and Price Volatility
T-RCED-90-105: Published: Sep 5, 1990. Publicly Released: Sep 5, 1990.
GAO discussed the oil price increases that have taken place since Iraq's invasion of Kuwait. GAO noted that: (1) between August 1 and August 23, 1990, the price for oil futures increased from $21 per barrel to almost $32 per barrel before falling to about $27 on August 27; (2) retail gasoline prices increased about 10 cents a gallon after a major oil spill in March 1989; (3) retail home heating oi...