Petroleum industry (11 - 20 of 49 items)
Energy Markets: Factors Contributing to Higher Gasoline Prices
GAO-06-412T: Published: Feb 1, 2006. Publicly Released: Feb 1, 2006.
Soaring retail gasoline prices, increased oil company profits, and mergers of large oil companies have garnered extensive media attention and generated considerable public concern. Gasoline prices impact the economy because of our heavy reliance on motor vehicles. According to the Department of Energy's Energy Information Administration (EIA), each additional ten cents per gallon of gasoline adds...
Energy Markets: Gasoline Price Trends
GAO-05-1047T: Published: Sep 21, 2005. Publicly Released: Sep 21, 2005.
Soaring retail gasoline prices have garnered extensive media attention and generated considerable public anxiety in recent months, particularly in the aftermath of Hurricane Katrina. Prices in many areas hit by the hurricane saw retail gasoline prices increase to over $3.00 per gallon, and in one reported case to almost $6.00 per gallon, with some gasoline stations running out of gasoline entirely...
Motor Fuels: Understanding the Factors That Influence the Retail Price of Gasoline
GAO-05-525SP: Published: May 2, 2005. Publicly Released: May 2, 2005.
Few things generate more attention and anxiety among American consumers than the price of gasoline. Periods of price increases are accompanied by high levels of media attention and consumer questioning about the causes and impacts of the price changes. The most recent upsurge in prices is no exception. Between January 3 and April 11, 2005, gasoline prices increased nearly every week, and during th...
Petroleum and Ethanol Fuels: Tax Incentives and Related GAO Work
RCED-00-301R: Published: Sep 25, 2000. Publicly Released: Oct 13, 2000.
Pursuant to a congressional request, GAO provided information on the tax incentives that benefit the petroleum and ethanol industries.GAO noted that: (1) specific petroleum tax incentives range from about $330 million for the expensing of tertiary injectants to about $82 billion for certain cost depletion deductions; (2) some of the tax incentives for the petroleum industry have been in place for...
Year 2000 Computing Crisis: Readiness of the Oil and Gas Industries
AIMD-99-162: Published: May 19, 1999. Publicly Released: May 19, 1999.
Pursuant to a congressional request, GAO identified the oil and gas power industries' vulnerability to year 2000 problems and the reported status of their year 2000 readiness.GAO noted that: (1) all phases of operations in the oil and gas industries--from production to distribution--use computer systems and equipment that are subject to year 2000 failures; (2) while the domestic oil and gas indust...
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...
International Energy Agency: Response to the Oil Supply Disruption Caused by the Persian Gulf Crisis
NSIAD-92-93: Published: Jan 21, 1992. Publicly Released: Feb 24, 1992.
Pursuant to a congressional request, GAO reviewed the: (1) International Energy Agency's (IEA) decision to draw down emergency oil stocks in response to the oil supply disruptions that followed Iraq's invasion of Kuwait; (2) U.S. policy on restraining oil demand; (3) U.S. position on domestic sharing of oil supplies in an emergency and oil companies' views on that position; and (4) Department of E...
Energy Management: Extent of Crude Oil Contamination Is Uncertain
RCED-90-114BR: Published: Mar 8, 1990. Publicly Released: Apr 13, 1990.
Pursuant to a congressional request, GAO reviewed allegations of crude oil contamination, focusing on: (1) the extent and types of contamination; (2) how environmental legislation has affected the contamination issue; and (3) corrective actions that the government and the oil industry have taken concerning crude oil contamination.GAO found that: (1) oil industry officials identified 40 cases of cr...