Strategic petroleum reserves (81 - 90 of 94 items)
Using Elk Hills and Alaskan North Slope Oil To Supply the Strategic Petroleum Reserve
EMD-81-4: Published: Oct 21, 1980. Publicly Released: Nov 3, 1980.
GAO was requested to determine why the domestic sources of crude oil from the Alaskan North Slope and Elk Hills Naval Petroleum Reserve were not used to fill the Strategic Petroleum Reserve (SPR), whether they could be used for the SPR, and what effect such purchases would have on the U.S. balance of payments. The review covered the period May 4, 1980 to October 7, 1980, and assessed the feasibili...
Oil and Gas Potential in the William O. Douglas Arctic Wildlife Range
EMD-80-104: Published: Jul 18, 1980. Publicly Released: Jul 25, 1980.
An examination was undertaken of the Interior Department's study of the oil and gas potential of the William O. Douglas Arctic Wildlife Range to assure that all pertinent data is being provided without modification or change. The initial input to Interior's study came from a 12-member Geologic Assessment Committee composed of 11 U.S. Geological Survey employees, and 1 member from the State of Alas...
U.S. Strategic Petroleum Reserve at a Turning Point--Management of Cost, Oil Supply Problems, and Future Site Development
EMD-80-19: Published: Jan 2, 1980. Publicly Released: Jan 2, 1980.
The Strategic Petroleum Reserve, established to provide a cushion of as much as 1 billion barrels of oil against interruptions in imported oil supplies, has not met its initial goal of having at least 150 million barrels of petroleum products by December 1978. The reserve has been plagued by problems: low initial cost estimates, resulting in cost overruns; an inability to meet oil storage goals; a...
The Strategic Petroleum Reserve
110318: Sep 10, 1979
The subject of GAO work on the strategic petroleum reserve program's management of facility cost, oil supply, and future site development is addressed. It appears that the Department of Energy is instituting the proper tools it will need to better manage and control facility costs. These tools, however, can only be as effective as management makes them by diligently monitoring the systems to insur...
Factors Influencing the Size of the U.S. Strategic Petroleum Reserve
ID-79-8: Published: Jun 15, 1979. Publicly Released: Jun 15, 1979.
The potential value of the strategic petroleum reserve as a national security measure in diminishing U.S. vulnerability to the effects of interruptions in imported petroleum supplies, and in carrying out U.S. international energy commitments, is unquestionable. The law creating the reserve, however, allows considerable discretion in deciding how the reserve can most effectively be established. Det...
Information on Department of Energy's Management of the Strategic Petroleum Reserve
EMD-79-49: Published: Mar 22, 1979. Publicly Released: Apr 20, 1979.
Answers are presented to a series of congressionally generated questions concerning the management of the strategic petroleum reserve program by the Department of Energy.Prior review of the cost and feasibility of salt cavern storage raised questions concerning the need for better information to reduce risks and uncertainties regarding the suitability of specific caverns for storage. However, salt...
Need To Consider a Regional Petroleum Reserve for All Petroleum Products
EMD-79-14: Published: Mar 20, 1979. Publicly Released: Mar 20, 1979.
A review of efforts by the Department of Energy (DOE) to create a strategic petroleum reserve has brought to light the fact that legislation which authorized the development of regional reserves has not been fully implemented. Specifically, DOE has failed to obtain sufficient data concerning demand and imports of refined petroleum products.The Energy Policy and Conservation Act requires DOE to ann...
The Strategic Petroleum Reserve
108670: Feb 26, 1979
A progress report on an analysis of the optimum size for a U.S strategic petroleum reserve was presented. The following observations and conclusions were discussed: (1) research did not show that one billion barrels of oil was the optimum size reserve; (2) a recent analysis by the Department of Energy indicated that the largest potential supply shortfalls, 6.6 and 6.8 million barrels per day, wer...
National Petroleum Reserve in Alaska Exploration Program
EMD-79-13: Published: Dec 5, 1978. Publicly Released: Dec 5, 1978.
The Naval Petroleum Reserves Production Act of 1976 calls for studies on: (1) procedures for developing and distributing petroleum resources of the National Petroleum Reserve in Alaska (NPRA), and (2) values and alternative uses of lands in the NPRA. The first study entails making an assessment of the hydrocarbon potential of NPRA, using data from the exploration program. Considering the difficult...
Potential Savings through Purchase of Royalty Oil for Strategic Petroleum Reserve
EMD-79-1: Published: Oct 6, 1978. Publicly Released: Oct 6, 1978.
A 1977 report to Congress stated that oil produced from Outer Continental Shelf and onshore federal leases, on which royalties are paid, could be purchased for the Strategic Petroleum Reserve at substantial savings to the government. Department of Interior officials calculated that, based on May 1978 crude oil prices, royalty oil would be $3.01 a barrel less than the national average composite pri...