Strategic Petroleum Reserve: budget and policy implications of the proposed moratorium. Tenth report by the Committee on Government Operations together with additional views

Book · Tue Jan 01 04:00:00 EST 1985

OSTI ID:5333991

In February, 1985 the Subcommittee on Environment, Energy, and Natural Resources initiated an indepth review of the Administration's proposal to impose an ''indefinite moratorium'' on the Strategic Petroleum Reserve (SPR) program. The proposed moratorium would halt further site development and oil purchases for the Reserve. As part of its FY86 budget request, the Administration proposed to halt the SPR program at the end of FY85, at which time it is expected to hold 489 million barrels of oil. Until the recent moratorium proposal, the policy of both the Administration and Congress was to continue to develop and fill SPR so that it would hold a total of 750 million barrels of oil by 1990. The Subcommittee began its investigation of the Administration's proposed moratorium and its effects on the SPR program, in part, because the moratorium represents a significant change in the policies and programs followed by this and previous Administrations and Congresses. Administration officials have contended that the moratorium will not diminish the nation's short- or long-term energy security and, at the same time, will generate significant budgetary savings. Despite such assertions, information obtained by the Subcommittee and by GAO, which assisted in the investigation, raises serious concerns about the moratorium's effects with regard to overall US energy security, specific SPR policies and programs, the cost-effectiveness of the proposed moratorium, and the long-term reliability of the SPR system.

• Research Organization: Government Printing Office, Washington, DC (USA)
• OSTI ID: 5333991
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
024000* -- Petroleum-- Storage-- (-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002 -- Energy Planning & Policy-- Petroleum
BUDGETS
CONSUMPTION RATES
DOCUMENT TYPES
ENERGY SOURCES
FOSSIL FUELS
FUELS
HEARINGS
INDUSTRY
NATIONAL ORGANIZATIONS
NORTH AMERICA
PETROLEUM
PETROLEUM INDUSTRY
PLANNING
RESERVES
RESOURCES
STRATEGIC PETROLEUM RESERVE
US DOE
US ORGANIZATIONS
USA