Oil resources (31 - 40 of 221 items)
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...
Trans-Alaska Pipeline: Projections of Long-Term Viability Are Uncertain
RCED-93-69: Published: Apr 8, 1993. Publicly Released: May 12, 1993.
Pursuant to a congressional request, GAO assessed the reasonableness of the Department of Energy's (DOE): (1) minimum operating level estimate for the Trans-Alaska Pipeline System (TAPS); (2) economic model used to estimate oil production at the North Slope; and (3) estimate for oil field development in the Arctic National Wildlife Refuge (ANWR).GAO found that: (1) DOE could not precisely estimate...
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...
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...
Mineral Resources: Interior's Use of Oil and Gas Development Contracts
RCED-91-1: Published: Sep 17, 1991. Publicly Released: Oct 17, 1991.
Pursuant to a congressional request, GAO evaluated the use of development contracts by the Bureau of Land Management, acting on behalf of the Secretary of the Interior, in its onshore federal oil and gas leasing program, focusing on whether the contracts: (1) entered into or approved since 1986 satisfy the legal requirements for development contracts; and (2) have had adverse effects on small oil...
Oil Reserve: Impact of NPR-1 Operations on Wildlife and Water Is Uncertain
RCED-91-129: Published: Aug 1, 1991. Publicly Released: Sep 11, 1991.
Pursuant to a congressional request, GAO reviewed the basis for the disagreements between the Department of Energy (DOE) and its Argonne National Laboratory relating to Argonne's development of a supplemental environmental impact statement (SEIS) for Naval Petroleum Reserve No. 1 (NPR-1), focusing on: (1) the DOE Naval Petroleum Reserves-California (NPRC) and Argonne positions on NPR-1 impacts on...
Tax Incentives and Enhanced Oil Recovery Techniques
T-GGD-91-36: Published: May 21, 1991. Publicly Released: May 21, 1991.
GAO discussed the use of tax incentives for increasing domestic oil production and exploration, focusing on enhanced oil recovery (EOR) techniques. GAO noted that: (1) Congress only sporadically reviewed tax expenditures, rarely compared their effectiveness to alternative mechanisms for achieving similar goals, and did not subject them to overall limits to control their total budgetary impact; (2)...
Energy Policy: Evolution of DOE's Process for Developing a National Energy Strategy
RCED-91-76: Published: Feb 21, 1991. Publicly Released: Mar 20, 1991.
Pursuant to a congressional request, GAO reviewed the Department of Energy's (DOE) process for developing the National Energy Strategy (NES), focusing on the opportunities DOE provided for public comment.GAO found that: (1) DOE began developing NES in July 1989 in response to a presidential directive and legislative requirement that the President biennially prepare and submit to Congress a Nationa...
Oil Reserve: Some Concerns Remain About SPR Drawdown and Distribution
RCED-91-16: Published: Nov 28, 1990. Publicly Released: Jan 18, 1991.
Pursuant to a congressional request, GAO examined the Department of Energy's (DOE) Strategic Petroleum Reserve (SPR) drawdown plans, focusing on: (1) DOE capability for withdrawing and distributing SPR oil; (2) SPR compliance with pipeline safety requirements; and (3) the status of DOE actions to correct problems previously identified by GAO.GAO found that: (1) DOE estimated that it could withdraw...