Crude oil (121 - 130 of 252 items)
Natural Gas Profit Data
RCED-84-3: Published: Mar 1, 1984. Publicly Released: Mar 8, 1984.
Pursuant to a congressional request, GAO studied the profitability of natural gas production under the Natural Gas Policy Act of 1978.GAO observed that the federal agencies and trade associations which it contacted do not collect data that show profits earned through natural gas production activities. Natural gas and oil expense data are combined because producers incur common expenses during expl...
Interior Department Activities Concerning Proposed Natural Gas Tight Formations in Montana
RCED-84-10: Published: Jan 27, 1984. Publicly Released: Feb 10, 1984.
In response to a congressional request, GAO answered questions relating to a petroleum firm's application for the designation of proposed natural gas formations as tight formations. Under the provisions of the Natural Gas Policy Act, gas produced from tight formation areas may qualify for higher prices. The Minerals Management Service had first recommended that the State responsible for the land n...
Status of Strategic Petroleum Reserve Activities as of December 31, 1983
RCED-84-92: Published: Jan 13, 1984. Publicly Released: Jan 20, 1984.
Pursuant to a congressional request, GAO presented its quarterly report on progress in filling, developing, and operating the Strategic Petroleum Reserve (SPR). This report discusses SPR activities during the first quarter of fiscal year 1984.GAO found that about 18.1 million barrels of oil were added to the SPR during the quarter, bringing the total oil in the SPR to about 379.1 million barrels....
Comparison of Strategic Petroleum Reserve Oil Prices and Commercial Oil Prices
RCED-83-156: Published: Oct 4, 1983. Publicly Released: Nov 3, 1983.
Pursuant to a congressional request, GAO investigated the reasons for the apparent excessively high prices paid by the Government for oil purchased abroad for the Strategic Petroleum Reserve (SPR). It also examined whether increased Government oil purchases from Western Hemisphere countries could reduce oil acquisition costs.In comparing the prices that the government paid for SPR oil during 1981...
Comments on Proposed Energy Emergency Preparedness Act Amendments of 1983, S. 1678
122630: Oct 19, 1983
GAO commented on the Energy Emergency Preparedness Act Amendments of 1983, S. 1678, and the Nation's ability to coordinate an emergency response with its allies. The bill deals with problems cited earlier by GAO, including incomplete emergency response procedures, the prospects of conflicting Federal and State laws and policies, and the legal impediments regarding Executive Manpower Reserves. GAO...
Status of Strategic Petroleum Reserve Activities as of September 30, 1983
RCED-84-11: Published: Oct 14, 1983. Publicly Released: Oct 14, 1983.
Pursuant to a congressional request, GAO reported on the administration's progress in filling the Strategic Petroleum Reserve (SPR) during the fourth quarter of fiscal year (FY) 1983.GAO found that: (1) Congress dropped additional FY 1983 SPR funding which will cause the SPR to enter FY 1984 operating under a continuing resolution and with funds carried over from prior years; (2) the SPR fill rate...
Pros and Cons of Exporting Alaskan North Slope Oil
NSIAD-83-69: Published: Sep 26, 1983. Publicly Released: Sep 26, 1983.
In response to a congressional request, GAO reviewed the key perceived advantages and disadvantages of exporting Alaskan North Slope oil as presented by the proponents and opponents of such exports.GAO noted that, aside from the distinct advantages and disadvantages of exporting Alaskan oil, proponents and opponents agree that exports will create transportation cost savings, increase federal and s...
Status of Strategic Petroleum Reserve Activities as of June 30, 1983
RCED-83-203: Published: Jul 13, 1983. Publicly Released: Jul 13, 1983.
Pursuant to a congressional committee request that GAO report on a quarterly basis through fiscal year (FY) 1985 on the administration's progress in filling the Strategic Petroleum Reserve (SPR) and in complying with the requirements of applicable law, GAO submits this review.GAO found that Congress continues to consider SPR funding for FY's 1983 and 1984. Among other matters being considered is a...
Department of Energy Management of the Strategic Petroleum Reserve
121487: May 24, 1983
GAO discussed selected facets of the Department of Energy's (DOE) management of Strategic Petroleum Reserve (SPR) activities. In reviewing DOE audit recommendation followup procedures, GAO noted a wide disparity between contract expenditures questioned by the Defense Contract Audit Agency (DCAA) and the amounts recovered by DOE in individual audit reports. To assess this disparity, GAO suggested t...
DOE Enforcement of Crude Oil Pricing Regulations
121426: May 23, 1983
GAO discussed its continuing review of the Department of Energy's (DOE) efforts to enforce the crude oil pricing regulations established under the Emergency Petroleum Allocation Act of 1973. Specifically, GAO discussed the: (1) distribution of overcharge refunds; (2) adequacy of the Economic Regulatory Administration's (ERA) proposed fiscal year 1984 compliance budget; (3) restrictions imposed by...