Review of the administration's proposal to impose an indefinite moratorium on the Strategic Petroleum Reserve Program. Hearing before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-Ninth Congress, First Session, March 15, 1985

Book · Tue Jan 01 04:00:00 EST 1985

OSTI ID:5502722

Opponents to the administration's 1986 budget proposal to halt construction on unfinished sites and place an indefinite moratorium on filling the existing strategic petroleum reserve (SPR) sites point out that, as the only defense against an oil-supply disruption, the SPR only contains 460 million of the 750-million barrel goal set in 1975. Witnesses at a hearing to explore the economic and energy security implications of this approach to reducing federal expenditures included representatives of the General Accounting Office, SPR management, the Center for Strategic and International Studies at Georgetown University, and trade unions. Testimony supporting the proposal focused on the advantages of cutting budget outlays by $8 billion between 1986 and 1990. Opponents noted the local employment impacts as well as the decline in energy security. Additional letters and statements and an appendix with material submitted for the record follows the testimony of the seven principal witnesses.

• Research Organization: Government Printing Office, Washington, DC (USA)
• OSTI ID: 5502722
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
021000* -- Petroleum-- Legislation & Regulations
024000 -- Petroleum-- Storage-- (-1989)
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
BUDGETS
DOCUMENT TYPES
ECONOMIC POLICY
ENERGY SOURCES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
HEARINGS
PETROLEUM
RESERVES
RESOURCES
STORAGE FACILITIES
STRATEGIC PETROLEUM RESERVE