Energy policy (1 - 10 of 50 items)
Strategic Petroleum Reserve: Issues Regarding the Inclusion of Refined Petroleum Products as Part of the Strategic Petroleum Reserve
GAO-09-695T: Published: May 12, 2009. Publicly Released: May 12, 2009.
The possibility of storing refined petroleum products as part of the Strategic Petroleum Reserve (SPR) has been contemplated since the SPR was created in 1975. The SPR, which currently holds about 700 million barrels of crude oil, was created to help insulate the U.S. economy from oil supply disruptions. However, the SPR does not contain refined products such as gasoline, diesel fuel, or jet fuel...
Energy Markets: Analysis of More Past Mergers Could Enhance Federal Trade Commission's Efforts to Maintain Competition in the Petroleum Industry
GAO-08-1082: Published: Sep 25, 2008. Publicly Released: Sep 25, 2008.
During the late 1990s, many petroleum companies merged to stay profitable while crude oil prices were low, and in recent years mergers have continued. Congress and others have concerns about the impact mergers might be having on competition in U.S. petroleum markets. The Federal Trade Commission (FTC) has the authority to maintain competition in the petroleum industry and reviews proposed mergers...
Energy Markets: Increasing Globalization of Petroleum Products Markets, Tightening Refining Demand and Supply Balance, and Other Trends Have Implications for U.S. Energy Supply, Prices, and Price Volatility
GAO-08-14: Published: Dec 20, 2007. Publicly Released: Jan 18, 2008.
To better understand how changes in domestic and international petroleum products markets have affected prices, GAO was asked to evaluate trends in (1) the international trade of petroleum products, (2) refining capacity and intensity of refining capacity use internationally and in the United States, (3) international and domestic crude oil and petroleum product inventories, and (4) domestic petro...
Crude Oil: Uncertainty about Future Oil Supply Makes It Important to Develop a Strategy for Addressing a Peak and Decline in Oil Production
GAO-07-283: Published: Feb 28, 2007. Publicly Released: Mar 29, 2007.
The U.S. economy depends heavily on oil, particularly in the transportation sector. World oil production has been running at near capacity to meet demand, pushing prices upward. Concerns about meeting increasing demand with finite resources have renewed interest in an old question: How long can the oil supply expand before reaching a maximum level of production--a peak--from which it can only decl...
Naval Petroleum Reserves
RCED-95-141R: Published: Mar 17, 1995. Publicly Released: Mar 24, 1995.
GAO provided information on the Naval Petroleum and Oil Shale Reserves. GAO noted that: (1) although the mission of the reserves has changed from emphasizing energy security to providing revenue to the Treasury, few measures have been taken to maximize profits; (2) profits could be increased at the Elk Hills, California oil field by allowing the Department of Energy to set the rate of production,...
Energy Policy: Ranking Options to Improve the Readiness of and Expand the Strategic Petroleum Reserve
RCED-94-259: Published: Aug 18, 1994. Publicly Released: Aug 25, 1994.
GAO reviewed readiness and expansion options for the Strategic Petroleum Reserve (SPR), focusing on: (1) eliminating problems related to the buildup of geothermal heat and gas in some crude oil in SPR; (2) replacing existing facilities and systems to extend the useful life of the reserve; (3) filling SPR to the current 750-million-barrel capacity or expanding and filling SPR to 1 billion barrels;...
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...
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...
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...