Need To Consider a Regional Petroleum Reserve for All Petroleum Products

EMD-79-14: Published: Mar 20, 1979. Publicly Released: Mar 20, 1979.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

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 annually develop and evaluate product demand and import data for each of its regions to determine whether regional product storage is needed to offset the impact of a supply interruption. DOE has failed to comply with this requirement. While DOE believes that no regional reserves, other than for residual oil, are needed and collection of the data necessary to more effectively implement the law may not be cost effective, DOE has not made the analysis necessary to support this belief.

Jul 24, 2020

Jun 24, 2020

Jun 9, 2020

May 13, 2020

May 12, 2020

Apr 29, 2020

  • energy icon, source: Art Explosion

    Priority Open Recommendations:

    Department of Energy
    GAO-20-285PR: Published: Apr 22, 2020. Publicly Released: Apr 29, 2020.

Apr 17, 2020

Mar 11, 2020

Mar 4, 2020

Feb 26, 2020

  • energy icon, source: Art Explosion

    Science & Tech Spotlight:

    Nuclear Microreactors
    GAO-20-380SP: Published: Feb 26, 2020. Publicly Released: Feb 26, 2020.

Looking for more? Browse all our products here