Status of Strategic Petroleum Reserve Activities

GAO was requested to review the Administration's activities to implement title VIII of the Energy Security Act. This provision requires the President to fill the Strategic Petroleum Reserve (SPR) at an average rate of at least 100,00 barrels per day for fiscal year (FY) 1981 and each succeeding FY. In the preceding report on the status of SPR fill activities, it was noted that, since passage of the Act, the Government had issued contracts for 95 million barrels of oil to be delivered to SPR during FY 1981.