Crude oil (51 - 60 of 252 items)
Gasoline Marketing: Uncertainties Surround Reformulated Gasoline as a Motor Fuel
RCED-90-153: Published: Jun 14, 1990. Publicly Released: Aug 17, 1990.
In response to a congressional request, GAO provided information on reformulated gasoline, including: (1) when reformulated gasoline could be made available and how it would be produced; and (2) the impacts of production and use of reformulated gasoline.GAO found that: (1) reformulated gasoline has improved emissions characteristics; (2) government and industry officials agreed that reformulated g...
Energy Management: Extent of Crude Oil Contamination Is Uncertain
RCED-90-114BR: Published: Mar 8, 1990. Publicly Released: Apr 13, 1990.
Pursuant to a congressional request, GAO reviewed allegations of crude oil contamination, focusing on: (1) the extent and types of contamination; (2) how environmental legislation has affected the contamination issue; and (3) corrective actions that the government and the oil industry have taken concerning crude oil contamination.GAO found that: (1) oil industry officials identified 40 cases of cr...
Alaskan Crude Oil Exports
T-RCED-90-59: Published: Apr 5, 1990. Publicly Released: Apr 5, 1990.
GAO discussed the potential consequences of lifting the existing ban on the export of Alaskan North Slope (ANS) crude oil, focusing on the changes in the Alaskan oil trade that are likely to occur and how those changes could affect the U.S. economy and energy security. GAO noted that: (1) removal of the ban would likely result in the export of ANS crude oil to Pacific Rim countries, since oil tran...
Naval Petroleum Reserve No. 1: Work Still Needed to Improve Accuracy of Reserve Estimates
RCED-90-16: Published: Dec 13, 1989. Publicly Released: Feb 1, 1990.
Pursuant to a congressional request, GAO reviewed a Department of Energy (DOE) contractor's reserve data revisions for Naval Petroleum Reserve Number 1, an oil field jointly owned by the federal government and an oil company.GAO found that: (1) the revised data was inaccurate and outdated because the contractor was unable to conduct technical field analyses within the contract period; (2) the cont...
Energy Security and the World Oil Market
T-RCED-90-12: Published: Nov 8, 1989. Publicly Released: Nov 8, 1989.
GAO discussed the possible economic and other impacts of an oil supply disruption. GAO noted that: (1) a major oil supply disruption would severely impact the entire economy; (2) U.S. oil consumption and dependence on external oil sources have increased since 1985 after a significant decline and are now approaching 1976 levels; (3) world oil production outside of the Organization of Petroleum Expo...
The Strategic Petroleum Reserve Amendments of 1989
T-RCED-89-38: Published: May 4, 1989. Publicly Released: May 4, 1989.
GAO discussed the proposed Strategic Petroleum Reserve (SPR) Amendments of 1989 and alternative, nontraditional methods for financing SPR. GAO noted that: (1) the amendments extended the authorizing legislation for SPR and required the Department of Energy (DOE) to fill SPR at the highest practicable rate and plan for its expansion to 1 billion barrels; (2) as of April 1989, SPR contained over 565...
International Energy Agency: Effectiveness of Members' Oil Stocks and Demand Restraint Measures
NSIAD-89-42: Published: Feb 6, 1989. Publicly Released: Feb 21, 1989.
In response to a congressional request, GAO examined the International Energy Agency (IEA) members': (1) compliance with a requirement to maintain emergency oil reserves equivalent to 90 days of oil imports; and (2) demand-restraint measures during an oil supply disruption and their effectiveness.GAO found that: (1) although most of the member countries technically complied with the 90-day oil sto...
Oil Reserve: Status of Strategic Petroleum Reserve Activities as of September 30, 1988
RCED-89-63FS: Published: Jan 25, 1989. Publicly Released: Feb 2, 1989.
Pursuant to a congressional request, GAO reviewed the Department of Energy's (DOE) progress in developing, operating, and filling the Strategic Petroleum Reserve (SPR) during the 6 months ended September 30, 1988.GAO found that, during that period, DOE: (1) added 9.7 million barrels of crude oil to SPR, increasing the inventory to 554.7 million barrels; (2) disbursed $130 million to the Mexican na...
Status of Security Measures to Prevent Oil Flow Disruptions
T-RCED-89-3: Published: Dec 7, 1988. Publicly Released: Dec 7, 1988.
GAO provided unclassified information from a classified report regarding the Department of Energy's (DOE) security program for the Strategic Petroleum Reserve. GAO found that program goals are to: (1) limit site access to the extent feasible; and (2) develop recovery plans that would allow DOE to restore full operational capability within 15 to 30 days after an oil flow disruption. GAO also found...
California Crude Oil: An Analysis of Posted Prices and Fair Market Value
GGD-88-114: Published: Sep 8, 1988. Publicly Released: Oct 12, 1988.
In response to a congressional request, GAO reviewed whether posted crude oil prices in California reflected the oil's fair market value for federal windfall profit tax and royalty purposes.GAO found that: (1) Internal Revenue Service and Minerals Management Service studies showed that oil companies sold substantial quantities of oil at the prices considered as fair market value; (2) California an...