Book Description
Analyses of the Strategic Petroleum Reserve Drawdown Plan and the Strategic Petroleum Reserve Drawdown and Distribution Report
Author : United States Accounting Office (GAO)
Publisher : Createspace Independent Publishing Platform
Page : 26 pages
File Size : 21,12 MB
Release : 2018-05-22
Category :
ISBN : 9781719263139
Analyses of the Strategic Petroleum Reserve Drawdown Plan and the Strategic Petroleum Reserve Drawdown and Distribution Report
Author :
Publisher :
Page : 24 pages
File Size : 11,90 MB
Release : 1983
Category :
ISBN :
Author : United States. General Accounting Office
Publisher :
Page : 36 pages
File Size : 23,30 MB
Release : 1985
Category : Petroleum
ISBN :
Author : United States. Department of Energy
Publisher :
Page : 24 pages
File Size : 15,90 MB
Release : 1982
Category : Petroleum reserves
ISBN :
Author : United States. Strategic Petroleum Reserve
Publisher :
Page : 44 pages
File Size : 19,93 MB
Release : 1986
Category : Petroleum reserves
ISBN :
Author : United States. Strategic Petroleum Reserve Office
Publisher :
Page : 88 pages
File Size : 37,88 MB
Release : 1977
Category : Petroleum
ISBN :
Author : United States. General Accounting Office
Publisher :
Page : 86 pages
File Size : 18,16 MB
Release : 1985
Category : Oil fields
ISBN :
Author : United States. General Accounting Office. RCED.
Publisher :
Page : 44 pages
File Size : 38,35 MB
Release : 1990
Category : Petroleum
ISBN :
Author : David L. Weimer
Publisher : Praeger
Page : 256 pages
File Size : 11,22 MB
Release : 1982-11-19
Category : Business & Economics
ISBN :
Author : United States. General Accounting Office
Publisher :
Page : 80 pages
File Size : 36,55 MB
Release : 1985
Category : Energy policy
ISBN :
Pursuant to a congressional request, GAO reviewed the Department of Energy's (DOE) plan for selling oil from the Strategic Petroleum Reserve (SPR) to analyze: (1) the plan's potential effects on world oil prices; (2) the issues affecting who would get SPR oil under this plan; and (3) how the plan compares with alternative sales mechanisms. GAO found that the plan's market approach would probably limit oil price increases in a severe supply disruption and allow broad participation in the sale. However, there were potential problems identified with oil distribution under the plan. DOE, in taking a market approach to the distribution, plans to award SPR sales contracts to the highest bidders who would be considered eligible buyers. This would allow any foreign country to buy the oil and does not limit the amount that a single buyer could purchase at a given sale. GAO also examined alternative sales methods of interest to Congress, including: (1) the continuous sale of options to buy SPR oil in advance of an oil emergency; and (2) allocation of SPR oil at government-set prices. Most industry representatives opposed the sale of SPR options because of their concerns about the length of time during which options could be exercised and who should be eligible to buy the options. GAO found that uncompetitive allocation of SPR oil would entail administrative difficulties that would undermine its intended benefits since it would be difficult to develop criteria for fair distribution.