Domestic Energy Resource and Reserve Estimates--Uses, Limitations, and Needed Data
EMD-77-6, Mar 17, 1977
The usefulness of resource and reserve estimates of the Nation's primary energy fuels, including oil, gas, coal, and uranium, can be greatly improved. These estimates are prepared and reported on by Federal agencies.
The estimates prepared have been an attempt to measure the potential short- and long-term domestic supplies of these fuels. Review of the reported energy resource and reserve estimates demonstrates that there is a need for more data to assess resources and reserves and a need for more reliable resource and reserve estimates. In order to increase the usefulness of reserve estimates for decisionmaking purposes, information is needed on the effects of cost-price relationships on energy source recoverability.
- Review Pending
- Closed - implemented
- Closed - not implemented
Recommendation for Executive Action
Recommendation: The Secretary of the Interior should direct a geological exploration program which would provide for the development and implementation of a systematic plan for appraising Outer Continental Shelf oil and gas resources. The Energy Research and Development Administration should expedite the work and report of its National Uranium Resource Evaluation Program. The Administrator of the Federal Energy Administration should obtain additional information concerning the effects of cost-price relationships on the recovery of energy resources, the quantities of recoverable coal reserves, and the ownership and control over energy resources.
Comments: Please call 202/512-6100 for additional information.