Evaluation Of The Department Of Energy S Plan To Sell Oil From The Strategic Petroleum Reserve
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Evaluation of the Department of Energy s Plan to Sell Oil from the Strategic Petroleum Reserve
Author | : United States. General Accounting Office |
Publsiher | : Unknown |
Total Pages | : 80 |
Release | : 1985 |
Genre | : Energy policy |
ISBN | : UIUC:30112033987865 |
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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.
The Strategic Petroleum Reserve
Author | : David L. Weimer |
Publsiher | : Praeger |
Total Pages | : 256 |
Release | : 1982-11-19 |
Genre | : Business & Economics |
ISBN | : STANFORD:36105037422354 |
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GAO Documents
Author | : United States. General Accounting Office |
Publsiher | : Unknown |
Total Pages | : 496 |
Release | : 1985 |
Genre | : Electronic Book |
ISBN | : MINN:31951D00700999X |
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Catalog of reports, decisions and opinions, testimonies and speeches.
Fossil Energy Update
Author | : Anonim |
Publsiher | : Unknown |
Total Pages | : 680 |
Release | : 1977 |
Genre | : Fossil fuels |
ISBN | : UIUC:30112087480536 |
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Monthly Catalog of United States Government Publications
Author | : United States. Superintendent of Documents |
Publsiher | : Unknown |
Total Pages | : 135 |
Release | : 1985 |
Genre | : Government publications |
ISBN | : WISC:89013738190 |
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February issue includes Appendix entitled Directory of United States Government periodicals and subscription publications; September issue includes List of depository libraries; June and December issues include semiannual index
Monthly Catalogue United States Public Documents
Author | : Anonim |
Publsiher | : Unknown |
Total Pages | : 1586 |
Release | : 1990 |
Genre | : Government publications |
ISBN | : UIUC:30112063914490 |
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Energy Abstracts for Policy Analysis
Author | : Anonim |
Publsiher | : Unknown |
Total Pages | : 724 |
Release | : 1988 |
Genre | : Power resources |
ISBN | : RUTGERS:39030024691067 |
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An Evaluation of the Strategic Petroleum Reserve
Author | : United States. Congressional Budget Office |
Publsiher | : Unknown |
Total Pages | : 56 |
Release | : 1980 |
Genre | : Energy policy |
ISBN | : UOM:39015081189857 |
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