Energy supplies (11 - 20 of 63 items)
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,...
Oil Reserves: An Analysis of Costs--Past, Present, and Future
RCED-87-204FS: Published: Sep 29, 1987. Publicly Released: Oct 13, 1987.
Pursuant to a congressional request, GAO investigated the cost of the Strategic Petroleum Reserve (SPR).GAO found that: (1) the total estimated cost of developing and filling SPR through fiscal year 1987 was $18 billion, with an average per-barrel cost of $33.74; (2) the estimated cumulative incremental cost per barrel for oil-fill activities was $23.00 for 1988 through 1992, $25.85 for 1988 throu...
Oil Reserve: Status of Strategic Petroleum Reserve Activities as of March 31, 1987
RCED-87-135FS: Published: May 14, 1987. Publicly Released: Jun 26, 1987.
In response to a congressional request, GAO reported on the Department of Energy's (DOE) progress in developing, operating, and filling the Strategic Petroleum Reserve (SPR) during the second quarter of fiscal year (FY) 1987.GAO found that: (1) as of March 31, 1987, the SPR inventory totalled 520 million barrels of crude oil; (2) during the quarter, DOE added 8.4 million barrels at an average rate...
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date and discussed whether: (1) the operation and management of the SPR could be improved; (2) the stored oil could be withdrawn, distributed, and sold in the event of another oil disruption; and (3) the SPR oil acquisition methods and procedures have been adequate.GAO found that, since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...
Selected Management Activities at the Naval Petroleum Reserve, California
RCED-85-7: Published: Apr 12, 1985. Publicly Released: May 13, 1985.
In response to a congressional request, GAO reviewed certain aspects of the operations of the Department of Energy's (DOE) Naval Petroleum Reserve, California (NPRC), including: (1) the process used in establishing the fee for the contractor to operate NPRC in fiscal year 1984; (2) the adequacy of NPRC audit coverage; and (3) justification for the proposed construction of additional NPRC office sp...
Survey of Oil Company Views on Fair Sharing in an International Oil Supply Disruption
NSIAD-85-45: Published: Feb 5, 1985. Publicly Released: Mar 7, 1985.
Pursuant to a congressional request, GAO surveyed U.S. oil companies that participate in the International Energy Agency (IEA) to determine their views on whether some form of a fair sharing program is needed in the United States to meet an IEA emergency oil sharing obligation.GAO found that a majority of the companies believe that the government should assume or be prepared to assume a role in en...
Defense Fuel Supply Center Procedures for Purchasing Strategic Petroleum Reserve Oil
RCED-84-61: Published: Sep 21, 1984. Publicly Released: Sep 21, 1984.
Pursuant to a congressional request to monitor the development, fill, and operation of the Strategic Petroleum Reserve (SPR), GAO reviewed the Defense Fuel Supply Center's (DFSC) oil purchasing procedures during the period from February 1981 to May 1983.Department of Defense (DOD) acquisition regulations require DFSC to: (1) negotiate contract prices that are fair, reasonable, and result in the lo...
[Energy Supply and Demand Issues]
121291: Mar 23, 1983
Energy issues, a major area of GAO activity were presented; 13 strategic and major target areas of GAO work, 6 of which may generate high congressional interest, were identified. These are areas for which a series of building block efforts and a broad summary report within the next 2 years would be timely. Congressional interest in energy issues remains high, and GAO must continue to respond to th...
[GAO and Energy]
120855: Mar 23, 1983
In an address to an international energy conference, the work of GAO in the energy area was described. There are six strategic target areas of GAO energy work: (1) the Strategic Petroleum Reserve (SPR); (2) emergency preparedness; (3) electricity supply and demand; (4) nuclear power regulation; (5) the Synthetic Fuels Corporation; and (6) the Pacific Northwest Power Act. In addition, GAO is expect...
U.S. Preparedness for Energy Supply Disruptions
120806: Mar 7, 1983
GAO discussed the Nation's preparedness for dealing with energy supply disruptions. Currently, the Strategic Petroleum Reserve (SPR) is the only real option available to cope with a major supply disruption. Over the past 2 years, the administration has made progress in filling and expanding the SPR. About 185 million barrels a day (MBD) of crude oil were added to the SPR over fiscal years (FY's) 1...