Energy shortages (11 - 20 of 42 items)
Energy Security: An Overview of Changes in the World Oil Market
RCED-88-170: Published: Aug 31, 1988. Publicly Released: Aug 31, 1988.
GAO evaluated changes in the world oil market to: (1) determine how U.S. vulnerability to an oil crisis has changed in the last decade; and (2) identify areas of potential significance to U.S. energy security.GAO found that: (1) lower oil imports and oil consumption have significantly curtailed U.S. and other major oil-importing countries' dependency on imported oil; (2) abundant oil supplies, inc...
Naval Petroleum Reserve No. 1: Efforts to Sell the Reserve
RCED-88-198: Published: Jul 28, 1988. Publicly Released: Jul 28, 1988.
In response to a congressional request, GAO reviewed the proposed sale of the Elk Hills, California, Naval Petroleum Reserve No. 1 (NPR-1), specifically the: (1) chronological events leading to and following sale proposals; (2) proposals to produce and sell NPR-1 oil and gas production for nonmilitary use; and (3) Department of Energy's (DOE) 1987 divestiture report.GAO found that: (1) Congress mu...
Renewal of Authorities for U.S. Participation in the International Energy Program
T-NSIAD-88-32: Published: May 17, 1988. Publicly Released: May 17, 1988.
GAO discussed proposed legislation which would enable the United States to continue participating in the International Energy Program of the International Energy Agency (IEA). GAO noted that the IEA emergency sharing system: (1) draws upon emergency oil stocks and allocates available supplies during short-term oil supply disruptions; (2) serves to limit excessive price increases and prevent countr...
International Energy Agency: Plan To Provide Legal Defenses to Participating U.S. Oil Companies
NSIAD-88-89BR: Published: Feb 8, 1988. Publicly Released: Feb 18, 1988.
In response to a congressional request, GAO provided information on the Department of Justice's (DOJ) and the Federal Trade Commission's (FTC) efforts to: (1) expand antitrust and breach-of-contract defenses to protect U.S. oil companies from possible legal suits for participating in the International Energy Agency's (IEA) Emergency Oil Sharing System (ESS); and (2) resolve the problem of foreign...
The Energy Security Dilemma
136528: Jan 1, 1988
This article, which appeared in the GAO Journal, No. 2, Summer 1988, discusses the current energy situation, future trends, and the dilemma the situation presents to the United States and other industrial nations. Since the 1970 oil shortages, many nations have made major changes in the world oil market to ensure their energy security through energy efficiency, development of additional resources,...
Naval Petroleum Reserve-1: Government and Industry Comments on Selling the Reserve
RCED-88-43FS: Published: Nov 23, 1987. Publicly Released: Dec 18, 1987.
Pursuant to a congressional request, GAO examined the: (1) need for the Elk Hills Naval Petroleum Reserve (NPR-1) as an oil reserve for the Department of Defense (DOD); and (2) potential impact of the proposed sale of the government's ownership interests on industry groups that purchase or use NPR-1 light crude oil.GAO found that DOD believes that: (1) quick access to a source of oil is important...
International Energy Agency: Assessment of U.S. Participation in the Fifth Allocation System Test
NSIAD-87-159BR: Published: May 29, 1987. Publicly Released: Jun 2, 1987.
In response to a congressional request, GAO reviewed U.S. participation in the most recent test of the International Energy Agency's (IEA) emergency oil sharing system (AST-5), focusing on: (1) how members designed the test and how well it met its objectives; (2) U.S. participation and performance; and (3) the extent to which AST-5 and U.S. participation in it meaningfully exercised U.S. energy em...
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...
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...
Optional Development Strategies for the Strategic Petroleum Reserve
RCED-85-117: Published: Apr 22, 1985. Publicly Released: May 7, 1985.
Pursuant to a congressional request, GAO analyzed the optional development strategies for the Strategic Petroleum Reserve (SPR) which the administration proposed to help reduce the budget deficit.GAO found that, as the SPR size increases, so does the potential to meet domestic needs and to mitigate adverse economic impacts such as lost economic growth, increased inflation, and unemployment. GAO an...