Crude oil (111 - 120 of 252 items)
Production of Naval Petroleum Reserve No. 1
125323: Oct 3, 1984
GAO presented its findings concerning the options for the Elk Hills Naval Petroleum Reserve No. 1 (NPR-1), which are: (1) continued production at the maximum efficient rate (MER); (2) a near total shut-in; (3) a partial shut-in; or (4) continued production using the revenues generated to establish a defense petroleum reserve (DPR). GAO found that, under continued production at the MER, NPR-1 would...
Department of Energy Development and Management of the Strategic Petroleum Reserve
125203: Sep 24, 1984
GAO discussed the Strategic Petroleum Reserve (SPR), focusing on: (1) problems in the development of SPR facilities and the implications of such problems for the readiness of the SPR; (2) problems with the SPR oil distribution system; and (3) the Department of Energy's (DOE) management of the SPR. GAO noted that three SPR facilities problems that affect SPR readiness are: (1) continuing difficulti...
Defense Fuel Supply Center Procedures for Purchasing Strategic Petroleum Reserve Oil
RCED-84-61: Published: Sep 21, 1984. Publicly Released: Sep 21, 1984.
Pursuant to a congressional request to monitor the development, fill, and operation of the Strategic Petroleum Reserve (SPR), GAO reviewed the Defense Fuel Supply Center's (DFSC) oil purchasing procedures during the period from February 1981 to May 1983.Department of Defense (DOD) acquisition regulations require DFSC to: (1) negotiate contract prices that are fair, reasonable, and result in the lo...
Data Available From DOE and Private-Sector Sources To Address Selected Issues Regarding Heating Oil
124936: Aug 14, 1984
Pursuant to a congressional request, GAO summarized: (1) the types of information that would help explain heating oil pricing issues; (2) the difficulties involved in collecting such data; and (3) available information on heating oil price differences among states. GAO found that available data on heating inventories, sales, and prices cannot fully reflect rapidly changing developments in the heat...
Naval Petroleum Reserve No. 1--An Assessment of Production Alternatives
RCED-84-180: Published: Jul 30, 1984. Publicly Released: Aug 14, 1984.
Pursuant to a congressional request, GAO addressed geologic, national security, budgetary, and local economic factors that may influence three alternatives to the current oil production approach used for Naval Petroleum Reserve No. 1 (NPR-1) beyond 1985. The options include: continued production, shut-in, and partial shut-in. GAO also discussed the advantages and disadvantages of establishing a De...
Status of Strategic Petroleum Reserve Activities as of June 30, 1984
RCED-84-182: Published: Jul 13, 1984. Publicly Released: Jul 13, 1984.
Pursuant to a congressional request, GAO reported on the Department of Energy's (DOE) progress in filling the Strategic Petroleum Reserve (SPR) and in complying with the requirements of applicable law during the third quarter of fiscal year 1984.GAO found that: (1) DOE is pursuing improvements to the SPR oil distribution system which would connect SPR storage sites by pipeline to two Gulf Coast re...
IRS' Administration of the Crude Oil Windfall Profit Tax Act of 1980
GGD-84-15: Published: Jun 18, 1984. Publicly Released: Jun 18, 1984.
In response to a congressional request, GAO reviewed the Internal Revenue Service's (IRS) administration of the Crude Oil Windfall Profit Tax Act of 1980.GAO noted that the crude oil tax was designed to tax the difference between the free market price of a barrel of oil and its controlled price under Department of Energy regulations. Although IRS received no supplemental staffing or funding to adm...
Information on the Department of Energy's Budgets for Enforcing Its Petroleum Allocation and Pricing Regulations and Its Process for Distributing Oil Company Overcharge Refunds
RCED-84-52: Published: Apr 11, 1984. Publicly Released: May 11, 1984.
In response to a congressional request, GAO reviewed the Economic Regulatory Administration's (ERA) budget for enforcing the Department of Energy's (DOE) petroleum allocation and pricing regulations. In addition, GAO included information on the Office of Hearing and Appeals' (OHA) fiscal year 1981-84 budgets and the DOE process for resolving the cases involving funds collected from oil companies i...
Additional Improvements Needed in Logistics Support for the Strategic Petroleum Reserve
RCED-84-12: Published: Apr 13, 1984. Publicly Released: Apr 13, 1984.
GAO reviewed the Department of Energy's (DOE) efforts to develop an integrated logistics support system for the Strategic Petroleum Reserve (SPR) storage locations. The review was made as part of a comprehensive effort to evaluate DOE performance in developing, filling, and maintaining the SPR.During initial planning and construction of the SPR, emphasis was placed upon meeting oil storage goals a...
Status of Strategic Petroleum Reserve Activities as of March 31, 1984
RCED-84-148: Published: Apr 13, 1984. Publicly Released: Apr 13, 1984.
In response to a congressional request, GAO reported on the Department of Energy's (DOE) progress in filling the Strategic Petroleum Reserve (SPR) and in complying with the requirements of applicable law during the second quarter of fiscal year (FY) 1984.During the quarter, the administration released its FY 1985 budget proposal which requested funds to: (1) fill the SPR at a rate of 145,000 barre...