Energy supplies (11 - 20 of 67 items)
International Energy Agency: Plan To Provide Legal Defenses to Participating U.S. Oil Companies
NSIAD-88-89BR: Published: Feb 8, 1988. Publicly Released: Feb 18, 1988.
In response to a congressional request, GAO provided information on the Department of Justice's (DOJ) and the Federal Trade Commission's (FTC) efforts to: (1) expand antitrust and breach-of-contract defenses to protect U.S. oil companies from possible legal suits for participating in the International Energy Agency's (IEA) Emergency Oil Sharing System (ESS); and (2) resolve the problem of foreign...
Oil Reserves: An Analysis of Costs--Past, Present, and Future
RCED-87-204FS: Published: Sep 29, 1987. Publicly Released: Oct 13, 1987.
Pursuant to a congressional request, GAO investigated the cost of the Strategic Petroleum Reserve (SPR).GAO found that: (1) the total estimated cost of developing and filling SPR through fiscal year 1987 was $18 billion, with an average per-barrel cost of $33.74; (2) the estimated cumulative incremental cost per barrel for oil-fill activities was $23.00 for 1988 through 1992, $25.85 for 1988 throu...
Oil Reserve: Status of Strategic Petroleum Reserve Activities as of March 31, 1987
RCED-87-135FS: Published: May 14, 1987. Publicly Released: Jun 26, 1987.
In response to a congressional request, GAO reported on the Department of Energy's (DOE) progress in developing, operating, and filling the Strategic Petroleum Reserve (SPR) during the second quarter of fiscal year (FY) 1987.GAO found that: (1) as of March 31, 1987, the SPR inventory totalled 520 million barrels of crude oil; (2) during the quarter, DOE added 8.4 million barrels at an average rate...
The Strategic Petroleum Reserve: An Overview of Its Development and Use in the Event of an Oil Supply Disruption
RCED-85-134: Published: Sep 30, 1985. Publicly Released: Sep 30, 1985.
GAO summarized the results of its reviews of the Strategic Petroleum Reserve's (SPR) activities to date and discussed whether: (1) the operation and management of the SPR could be improved; (2) the stored oil could be withdrawn, distributed, and sold in the event of another oil disruption; and (3) the SPR oil acquisition methods and procedures have been adequate.GAO found that, since the creation...
Interior Has Taken Steps To Improve the Adequacy of Data Used for Making Outer Continental Shelf Leasing Decisions
RCED-85-68: Published: Mar 26, 1985. Publicly Released: Apr 24, 1985.
In response to a congressional request, GAO examined the adequacy of the geological and geophysical data which the Minerals Management Service (MMS) uses to estimate the oil and gas resource potential of offshore tracts and to determine whether to accept industry bids for offshore leases.GAO found that, in the first two area wide sales which MMS conducted in the Gulf of Mexico, over half of the tr...
Survey of Oil Company Views on Fair Sharing in an International Oil Supply Disruption
NSIAD-85-45: Published: Feb 5, 1985. Publicly Released: Mar 7, 1985.
Pursuant to a congressional request, GAO surveyed U.S. oil companies that participate in the International Energy Agency (IEA) to determine their views on whether some form of a fair sharing program is needed in the United States to meet an IEA emergency oil sharing obligation.GAO found that a majority of the companies believe that the government should assume or be prepared to assume a role in en...
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...
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...
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...
U.S. Preparedness for Energy Supply Disruptions
120806: Mar 7, 1983
GAO discussed the Nation's preparedness for dealing with energy supply disruptions. Currently, the Strategic Petroleum Reserve (SPR) is the only real option available to cope with a major supply disruption. Over the past 2 years, the administration has made progress in filling and expanding the SPR. About 185 million barrels a day (MBD) of crude oil were added to the SPR over fiscal years (FY's) 1...