Oil importing (11 - 20 of 58 items)
Energy Security and Policy: Analysis of the Pricing of Crude Oil and Petroleum Products
RCED-93-17: Published: Mar 19, 1993. Publicly Released: Mar 29, 1993.
Pursuant to congressional requests, GAO analyzed the pricing of crude oil and petroleum products under normal market conditions and during market shocks.GAO found that: (1) although the Organization of Petroleum Exporting Countries (OPEC) no longer sets prices for crude oil, members' decisions about the supply of oil can still have a significant impact on world oil prices; (2) crude oil is a scarc...
OCG-93-13TR: Published: Dec 1, 1992. Publicly Released: Dec 1, 1992.
Pursuant to a congressional request, GAO summarized information on federal energy and science issues facing Congress and the new administration.GAO noted that: (1) the United States depends upon petroleum and other fossil fuels for 85 percent of its general energy consumption and 70 percent of its energy production; (2) petroleum's low price discouraged development of alternative fuels, limited ef...
Long-Term Policies Needed to Address Energy Use and Price Volatility
T-RCED-90-105: Published: Sep 5, 1990. Publicly Released: Sep 5, 1990.
GAO discussed the oil price increases that have taken place since Iraq's invasion of Kuwait. GAO noted that: (1) between August 1 and August 23, 1990, the price for oil futures increased from $21 per barrel to almost $32 per barrel before falling to about $27 on August 27; (2) retail gasoline prices increased about 10 cents a gallon after a major oil spill in March 1989; (3) retail home heating oi...
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...
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...
Energy Security: An Overview of Changes in the World Oil Market
RCED-88-170: Published: Aug 31, 1988. Publicly Released: Aug 31, 1988.
GAO evaluated changes in the world oil market to: (1) determine how U.S. vulnerability to an oil crisis has changed in the last decade; and (2) identify areas of potential significance to U.S. energy security.GAO found that: (1) lower oil imports and oil consumption have significantly curtailed U.S. and other major oil-importing countries' dependency on imported oil; (2) abundant oil supplies, inc...
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...