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Author: Frank Rusco
Publisher: DIANE Publishing
ISBN: 1437904394
Category : Technology & Engineering
Languages : en
Pages : 15
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Book Description
The Strategic Petroleum Reserve (SPR) helps protect the U.S. economy from oil supply disruptions and currently holds 700 million barrels of crude oil. The Energy Policy Act directed the DoE to increase the SPR storage capacity from 727 million barrels to 1 million barrels. Since 1999, oil for the SPR has been obtained through the royalty-in-kind program, whereby the gov¿t. receives oil instead of cash for payment of royalties on leases of fed. property. The Minerals Mgmt. Service collects the royalty oil and transfers it to DoE, which then trades it for oil for the SPR. This testimony focuses on: (1) factors for DoE to consider when filling the SPR; and (2) the cost-effectiveness of using oil received through the royalty-in-kind program to fill the SPR.
Author: Frank Rusco
Publisher: DIANE Publishing
ISBN: 1437904394
Category : Technology & Engineering
Languages : en
Pages : 15
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Book Description
The Strategic Petroleum Reserve (SPR) helps protect the U.S. economy from oil supply disruptions and currently holds 700 million barrels of crude oil. The Energy Policy Act directed the DoE to increase the SPR storage capacity from 727 million barrels to 1 million barrels. Since 1999, oil for the SPR has been obtained through the royalty-in-kind program, whereby the gov¿t. receives oil instead of cash for payment of royalties on leases of fed. property. The Minerals Mgmt. Service collects the royalty oil and transfers it to DoE, which then trades it for oil for the SPR. This testimony focuses on: (1) factors for DoE to consider when filling the SPR; and (2) the cost-effectiveness of using oil received through the royalty-in-kind program to fill the SPR.
Author: Frank Rusco
Publisher: DIANE Publishing
ISBN: 1437901689
Category :
Languages : en
Pages : 11
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Book Description
The Strategic Petroleum Reserve (SPR) was created in 1975 to help insulate the U.S. economy from oil supply disruptions and currently holds about 700 million barrels of crude oil. The Energy Policy Act of 2005 directed the Dept. of Energy (DoE) to increase the SPR storage capacity from 727 million barrels to 1 billion barrels, which it plans to accomplish by 2018. Since 1999, oil for the SPR has generally been obtained through the royalty-in-kind program, whereby the gov¿t. receives oil instead of cash for payment of royalties on leases of fed. property. This testimony focuses on: (1) factor that DoE should consider when filling the SPR; and (2) the cost-effectiveness of using oil received through the royalty-in-kind program to fill the SPR.
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781719190770
Category :
Languages : en
Pages : 30
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Book Description
Strategic Petroleum Reserve: Improving the Cost-Effectiveness of Filling the Reserve
Author: Frank Rusco
Publisher: DIANE Publishing
ISBN: 1437917704
Category : Technology & Engineering
Languages : en
Pages : 16
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Book Description
The possibility of storing refined petroleum products as part of the Strategic Petroleum Reserve (SPR) has been contemplated since the SPR was created in 1975. The SPR, which currently holds about 700 million barrels of crude oil, was created to help insulate the U.S. economy from oil supply disruptions. However, the SPR does not contain refined products such as gasoline, diesel fuel, or jet fuel. The Energy Policy Act of 2005 directed the Dept. of Energy to increase the SPR's capacity from 727 million barrels to 1 billion barrels. This testimony discusses (1) some of the arguments for and against including refined products in the SPR; and (2) lessons learned from the management of the existing crude oil SPR that may be applicable to refined products. Illus.
Author: United States. Congress. Senate. Committee on Energy and Natural Resources
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 68
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Book Description
Author:
Publisher:
ISBN:
Category : Petroleum reserves
Languages : en
Pages : 52
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Book Description
Author: Anthony Andrews
Publisher: DIANE Publishing
ISBN: 1437983154
Category : Reference
Languages : en
Pages : 18
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Book Description
This report discusses the Strategic Petroleum Reserve (SPR) in the Energy Policy and Conservation Act, which was authorized to help prevent a repetition of the economic dislocation caused by the 1973-1974 Arab oil embargo. The Government Accountability Office recently observed that the proportion of crude oil grades in the SPR has been growing less compatible with the heavier grades of crude oil that U.S. refineries have been upgrading to handle. This finding has raised questions about the SPR's effectiveness during a long-term oil disruption involving heavy oil.
Author: Gene L. Dodaro
Publisher: DIANE Publishing
ISBN: 1437911676
Category : Business & Economics
Languages : en
Pages : 155
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Book Description
U.S. gov¿t. agencies need to strengthen basic mgmt. capabilities to successfully address current and emerging demands. The incoming admin. will face challenges in implementing its policy and program agendas because of shortcomings in agencies' mgmt. capabilities. Building and developing the institutional capacity to meet these challenges will require appointing the right people to the right positions. This report includes questions for each of 28 major exec. branch depts. and agencies, and one for each of the following 7 major governmentwide mgmt. areas: acquisition mgmt.; collaboration; financial mgmt.; human capital mgmt.; info. and technology mgmt.; results-oriented decision making, and; real property mgmt. and security. Illustrations.
Author: Frank Rusco
Publisher: DIANE Publishing
ISBN: 143793515X
Category : Technology & Engineering
Languages : en
Pages : 22
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Book Description
The catastrophic oil spill in the Gulf of Mexico has drawn national attention to the exploration and production of oil and gas from leases on federal lands and waters. Several bureaus of the Dept. of the Interior oversee onshore and offshore oil and gas activities, and collects revenues from oil and gas produced. In response to the recent oil spill, the Sec. of the Interior has proposed reorg. several bureaus. This testimony explains how the auditor¿s recommend. can provide guidance on how to achieve effective oversight of federal oil and gas management by improving: (1) technical expertise in the agency; (2) performance of analyses and reviews; (3) enforcement of laws and reg¿s.; (4) public access to info.; and (5) the degree of independence in the agency. Illus.
Author: United States Accounting Office (GAO)
Publisher: Createspace Independent Publishing Platform
ISBN: 9781719432467
Category :
Languages : en
Pages : 30
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Book Description
Strategic Petroleum Reserve: Options to Improve the Cost-Effectiveness of Filling the Reserve
