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Naval Petroleum Reserve No. 1: Efforts to Sell the Reserve

RCED-88-198 Published: Jul 28, 1988. Publicly Released: Jul 28, 1988.
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Highlights

In response to a congressional request, GAO reviewed the proposed sale of the Elk Hills, California, Naval Petroleum Reserve No. 1 (NPR-1), specifically the: (1) chronological events leading to and following sale proposals; (2) proposals to produce and sell NPR-1 oil and gas production for nonmilitary use; and (3) Department of Energy's (DOE) 1987 divestiture report.

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Domestic crude oilEnergy consumptionEnergy shortagesFederal propertyFederal property managementNational defense operationsOil fieldsOil resourcesPetroleum storageMilitary forces