Report to the Congress on alternative financing methods for the Strategic Petroleum Reserve
Under current practice, the Federal Government owns the Strategic Petroleum Reserve (SPR) crude oil and the storage facilities. The funds to acquire and maintain the reserve generally have been derived from normal Federal budget resources; $20 billion in appropriated funds have thus far been made available. During 1989, in Public Law No. 101-46, the Congress extended the EPCA authorities until April 1, 1990 and required the Department of Energy (DOE) to conduct a study of alternative ways of financing the reserve, with a final report on the study to be submitted by February 1, 1990. The Administration decided to undertake the study of alternative SPR financing methods in conjunction with a parallel study of SPR size, through an Interagency Steering group, chaired by the DOE Deputy Under Secretary. Day-to-day responsibility for the study was assigned to an Interagency Working Group comprised of representatives of interested Federal agencies. Study activities are described. 4 tabs.
- Research Organization:
- USDOE, Washington, DC (USA)
- Sponsoring Organization:
- DOE/FE
- OSTI ID:
- 5087329
- Report Number(s):
- DOE/FE-0155-Exec.Summ.; ON: DE90006380
- Country of Publication:
- United States
- Language:
- English
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