Oil resources (81 - 90 of 221 items)
Petroleum Products: Effects of Imports on U.S. Oil Refineries and U.S. Energy Security
RCED-86-85: Published: Apr 15, 1986. Publicly Released: Apr 15, 1986.
In response to a congressional request, GAO examined the effects of petroleum product imports on the U.S. refining industry and U.S. energy security, focusing on: (1) recent petroleum product import patterns, reasons for the trends, and their impact on refinery closures; (2) the outlook for U.S. product imports in coming years and the prospect of further refinery closures; (3) the impact of refine...
GAO Work Relating to the Strategic Petroleum Reserve
129211: Mar 4, 1986
GAO discussed the Strategic Petroleum Reserve (SPR), focusing on the: (1) Department of Energy's (DOE) response to GAO recommendations concerning its plan for selling SPR oil; (2) recently completed test drawdown and sale of SPR oil; and (3) DOE distribution enhancement program and its effect on drawdown capability. GAO found that, although the plan's market approach would limit oil price increase...
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...
Oil Reserve: Status of Strategic Petroleum Reserve Activities as of December 31, 1985
RCED-86-84: Published: Jan 29, 1986. Publicly Released: Jan 29, 1986.
In response to a congressional request, GAO reported on the Department of Energy's (DOE) progress in filling, developing, and operating the Strategic Petroleum Reserve (SPR) during the first quarter of fiscal year (FY) 1986.GAO found that DOE added 4.5 million barrels of oil to the SPR, bringing total SPR volume to 493.3 million barrels. The oil-fill rate averaged about 49,000 barrels per day duri...
Energy Emergency Information Needs: Adequacy of Data Dissemination: State, Industry, and Government Views
RCED-86-58BR: Published: Dec 20, 1985. Publicly Released: Jan 10, 1986.
Pursuant to a congressional request, GAO reviewed the extent to which the Energy Information Administration (EIA) and the Department of Energy (DOE) are meeting the energy emergency statistical data and information needs of states and industry.GAO noted that: (1) state and industry officials agreed that EIA is providing reliable and high quality data needed to allow them to properly plan for an oi...
Status of Strategic Petroleum Reserve Activities as of September 30, 1985
RCED-86-37: Published: Oct 15, 1985. Publicly Released: Oct 15, 1985.
In response to a congressional request, GAO reported on the Department of Energy's (DOE) progress in filling the Strategic Petroleum Reserve (SPR) during the last quarter of fiscal year (FY) 1985.GAO found that, because the Supplemental Appropriations Act of 1985 disapproved a proposed deferral of about $270.7 million for SPR construction and about $290 million of the $827 million deferral in the...
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...
More Assurance Is Needed That Strategic Petroleum Reserve Oil Can Be Withdrawn as Designed
RCED-85-104: Published: Sep 27, 1985. Publicly Released: Sep 27, 1985.
Pursuant to a congressional request, GAO conducted a review to determine whether the Department of Energy (DOE) will be able to withdraw Strategic Petroleum Reserve (SPR) oil at the designed rate and sustain that rate over time. DOE has been implementing a three-phase plan to develop a 750-million barrel SPR at six sites in Louisiana and Texas, of which 483.5 million barrels were in storage.GAO fo...
Reasons and Current Outlook for the Sale of Federal Royalty Oil to Small and Independent Refiners
RCED-85-139: Published: Aug 26, 1985. Publicly Released: Sep 25, 1985.
In response to a congressional request, GAO examined the Department of the Interior's 1983 basis for determining the need to sell federal royalty oil to eligible refiners and alternatives to improving the program.The Mineral Lands Leasing Act authorizes the Secretary of the Interior to hold oil sales when he determines sufficient supplies of crude oil are not available in the open market to refine...
Benefits and Limitations of Economic Policy Responses to an Oil Supply Disruption
RCED-85-151: Published: Aug 8, 1985. Publicly Released: Aug 9, 1985.
Pursuant to a congressional request, GAO analyzed possible economic response policies that could be used to alleviate the effects of a petroleum supply disruption, focusing on: (1) possible fiscal and monetary policy responses; and (2) the possible effects of expanding funding or eligibility for the Low Income Home Energy Assistance Program (LIHEAP) or the Earned Income Tax Credit (EITC).GAO found...