Strategic petroleum reserve: reprogramming of funds. Hearing before the Subcommittee on Energy and Power of the Committee on Interstate and Foreign Commerce, House of Representatives, Ninety-Fifth Congress, Second Session, December 18, 1978

Book · Mon Jan 01 00:00:00 EST 1979

OSTI ID:5548373

The Subcommittee on Energy and Power met December 18, 1978 to investigate the cost overrun of the strategic petroleum reserve. More particularly, the subject is the candor of the DOE officials in Washington who run the strategic petroleum reserve program and how they deal with Congress and particularly with the subcommittee. In May 1977, the subcommittee was told that the total cost of putting 500 million barrels in storage would be $835 million. In May of 1978, Secretary Schlesinger also advised Congress that the DOE intended to double the size of the reserve. The committee also heard testimony on the correct information on the filling schedule. Many representatives from DOE presented statements and Ernest A. Fitzgerald from the Department of Defense presented a statement. Additional material was submitted for the record by DOE. (MCW)

• OSTI ID: 5548373
• Resource Relation: Related Information: Serial No. 95-189
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
STRATEGIC PETROLEUM RESERVE
COST
HEARINGS
BUDGETS
CORRELATIONS
ERRORS
FINANCING
GOVERNMENT POLICIES
INFLATION
MAPS
OPERATION
STORAGE
US DOE
NATIONAL ORGANIZATIONS
RESERVES
RESOURCES
US ORGANIZATIONS
021000* - Petroleum- Legislation & Regulations
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation
294002 - Energy Planning & Policy- Petroleum