Oil resources (111 - 120 of 221 items)
Status of Strategic Petroleum Reserve Activities as of December 31, 1983
RCED-84-92: Published: Jan 13, 1984. Publicly Released: Jan 20, 1984.
Pursuant to a congressional request, GAO presented its quarterly report on progress in filling, developing, and operating the Strategic Petroleum Reserve (SPR). This report discusses SPR activities during the first quarter of fiscal year 1984.GAO found that about 18.1 million barrels of oil were added to the SPR during the quarter, bringing the total oil in the SPR to about 379.1 million barrels....
Increase in the Conservation of Oil and Natural Gas Through the Sale of Surplus Hydro Energy
089083: Dec 15, 1976
No summary is currently available...
Comments on Proposed Energy Emergency Preparedness Act Amendments of 1983, S. 1678
122630: Oct 19, 1983
GAO commented on the Energy Emergency Preparedness Act Amendments of 1983, S. 1678, and the Nation's ability to coordinate an emergency response with its allies. The bill deals with problems cited earlier by GAO, including incomplete emergency response procedures, the prospects of conflicting Federal and State laws and policies, and the legal impediments regarding Executive Manpower Reserves. GAO...
Status of Strategic Petroleum Reserve Activities as of September 30, 1983
RCED-84-11: Published: Oct 14, 1983. Publicly Released: Oct 14, 1983.
Pursuant to a congressional request, GAO reported on the administration's progress in filling the Strategic Petroleum Reserve (SPR) during the fourth quarter of fiscal year (FY) 1983.GAO found that: (1) Congress dropped additional FY 1983 SPR funding which will cause the SPR to enter FY 1984 operating under a continuing resolution and with funds carried over from prior years; (2) the SPR fill rate...
Status of Strategic Petroleum Reserve Activities as of June 30, 1983
RCED-83-203: Published: Jul 13, 1983. Publicly Released: Jul 13, 1983.
Pursuant to a congressional committee request that GAO report on a quarterly basis through fiscal year (FY) 1985 on the administration's progress in filling the Strategic Petroleum Reserve (SPR) and in complying with the requirements of applicable law, GAO submits this review.GAO found that Congress continues to consider SPR funding for FY's 1983 and 1984. Among other matters being considered is a...
Department of Energy Management of the Strategic Petroleum Reserve
121487: May 24, 1983
GAO discussed selected facets of the Department of Energy's (DOE) management of Strategic Petroleum Reserve (SPR) activities. In reviewing DOE audit recommendation followup procedures, GAO noted a wide disparity between contract expenditures questioned by the Defense Contract Audit Agency (DCAA) and the amounts recovered by DOE in individual audit reports. To assess this disparity, GAO suggested t...
Oil Supply Disruptions: Their Price and Economic Effects
RCED-83-135: Published: May 20, 1983. Publicly Released: May 20, 1983.
In response to a congressional request, GAO reported on oil prices and the economic effects of supply disruptions in the absence of government intervention. GAO also assessed the adequacy of research in this area.GAO analysis showed that disruptions invariably raise oil prices. Models show that disruption size, market tightness, and the level of oil inventories govern the severity of oil price inc...
The Strategic Petroleum Reserve
121312: May 6, 1983
GAO discussed issues relating to the Strategic Petroleum Reserve (SPR) and indicated areas for congressional concern and action. Specifically, GAO focused on the SPR fiscal year (FY) 1983 fill rate and the administration's budget request for FY 1984. GAO noted that the administration has made progress in filling the SPR and that under the law a lower fill rate is allowed if the President finds tha...
Deferral of SPR Budget Authority Not Reported to Congress
OGC-83-11: Published: May 5, 1983. Publicly Released: May 5, 1983.
GAO reported a deferral of budget authority provided for the Strategic Petroleum Reserve (SPR) petroleum account which should have been, but was not, reported to Congress pursuant to the provisions of the Impoundment Control Act.GAO found that a total of $4.5 billion is available in the SPR account for oil deliveries in fiscal year (FY) 1983. GAO estimated that, at current prices, approximately $8...
Status of Strategic Petroleum Reserve Activities as of March 31, 1983
RCED-83-136: Published: Apr 15, 1983. Publicly Released: Apr 22, 1983.
Pursuant to a congressional request, GAO presented its fourth quarterly report on the status of the administration's efforts to fill, develop, and operate the Strategic Petroleum Reserve (SPR). This report covers the second quarter of fiscal year (FY) 1983.GAO noted that the minimum legally required SPR fill rate may be higher than the 220,000 barrels per day which the Department of Energy (DOE) h...