Crude oil (1 - 10 of 31 items)
Oil and Gas Management: Key Elements to Consider for Providing Assurance of Effective Independent Oversight
GAO-10-852T: Published: Jun 17, 2010. Publicly Released: Jun 17, 2010.
The catastrophic oil spill in the Gulf of Mexico has drawn national attention to the exploration and production of oil and gas from leases on federal lands and waters. The Department of the Interior's Bureau of Land Management (BLM) oversees onshore oil and gas activities, the Minerals Management Service's (MMS) Offshore Energy and Minerals Management oversees offshore oil and gas activities, and...
Firms Reported in Open Sources as Having Commercial Activity in Iran's Oil, Gas, and Petrochemical Sectors
GAO-10-515R: Published: Mar 23, 2010. Publicly Released: Apr 22, 2010.
Iran's oil and gas industry is vital to its economy and government. Oil export revenues have accounted for more than 24 percent of Iran's gross domestic product and between 50 and 76 percent of the Iranian government's revenues in recent years. Iran has the world's third largest oil reserves and second largest gas reserves, according to the Congressional Research Service (CRS), and is the world's...
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...
U.S. Fish and Wildlife Service: Information on Oil and Gas Activities in the National Wildlife Refuge System
GAO-02-64R: Published: Oct 31, 2001. Publicly Released: Nov 13, 2001.
This report provides information on oil and gas activities in the National Wildlife Refuge System. GAO focuses on (1) how many units produced or had oil or gas activities on their lands in 2000, (2) why these activities took place in these units, (3) the number of these units for which the federal government owned the oil and gas mineral rights, (4) resources available to these units to manage oil...
Oil Reserves: Status of Strategic Petroleum Reserves as of March 31, 1988
RCED-88-175FS: Published: Jun 24, 1988. Publicly Released: Jul 1, 1988.
In response to a congressional request, GAO presented its semiannual review of the Department of Energy's (DOE) progress in developing, operating, and filling the Strategic Petroleum Reserve (SPR).GAO found that: (1) as of March 31, 1988, the SPR inventory totalled 544.9 million barrels of oil; (2) during the previous 6 months, DOE added 11 million barrels of crude oil at an average fill rate of 6...
Offshore Oil and Gas: Reorganization of Interior's Minerals Management Service Regional Office
RCED-88-124: Published: May 3, 1988. Publicly Released: May 12, 1988.
Pursuant to a congressional request, GAO reviewed the Department of the Interior's Minerals Management Service's (MMS) plan to reorganize a regional field operations office, focusing on the plan's: (1) development and implementation; and (2) projected impact on the office's ability to carry out its responsibilities.GAO found that MMS: (1) devised the plan to distribute the inspection work load mor...
Oil Reserves: An Analysis of Oil Fill Alternatives
RCED-87-145BR: Published: May 21, 1987. Publicly Released: Jun 5, 1987.
Pursuant to a congressional request, GAO reviewed possible oil-fill-rate options for the Strategic Petroleum Reserve (SPR), specifically: (1) the Department of Energy's (DOE) current construction and fill-rate policy; (2) the maximum achievable fill rate for available storage capacities under construction; and (3) a fill rate of 100,000 barrels per day.GAO found that DOE planned to: (1) obligate $...
Energy Regulation: DOE Should Ensure Oil Industry Retains Records To Resolve Violations
RCED-86-153: Published: Aug 18, 1986. Publicly Released: Oct 28, 1986.
In response to a congressional request, GAO provided information on the Department of Energy's (DOE) development and implementation of the Economic Regulatory Administration's (ERA) rule amending the recordkeeping requirements for the oil industry to determine whether DOE: (1) risked the loss of records needed to resolve alleged violations by issuing the rule in January 1985; and (2) had an adequa...
Strategic Petroleum Reserve: Information on DOE's Fiscal Years 1986 and 1987 Budget Deferrals
RCED-86-116BR: Published: Feb 28, 1986. Publicly Released: Feb 28, 1986.
Pursuant to a congressional request, GAO obtained information relating to Strategic Petroleum Reserve (SPR) budget deferrals and addressed questions concerning: (1) the status of the development of SPR sites; (2) the time and money needed to prepare SPR sites for continued oil fill; (3) the Department of Energy's (DOE) plan for SPR under a moratorium; (4) the effects of deferrals on completion of...
Analysis of Oil Withdrawal and Distribution Tests for the Strategic Petroleum Reserve
RCED-85-115: Published: May 8, 1985. Publicly Released: May 8, 1985.
In response to a congressional request and concern that the Department of Energy (DOE) periodically test actual drawdown and oil sales from the Strategic Petroleum Reserve (SPR), GAO analyzed the feasibility, cost, and effectiveness of testing actual SPR operations and the possible impacts on oil markets of certain suggested scenarios. In addition, GAO provided views on factors that should be cons...