Funding transportation energy conservation programs with oil overcharge settlements

Journal Article · Mon Jan 01 04:00:00 EST 1990 · Transportation Research Record; (United States)

OSTI ID:5733816

Mintz, M M ^[1]; Zerega, A M ^[2]

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1. Argonne National Lab., IL (United States)
2. Department of Energy, Washington, DC (United States)

Since 1986 states have been receiving restitution funds from oil companies and crude oil producers found to have overpriced or miscertified federally controlled crude oil to avoid price restrictions between 1975 and 1981. As of March 31, 1989, the states had more than $3.7 billion available for expenditure, including earned interest, and had received federal approval to spend about $2.2 billion (63 percent). These funds have been earmarked for a wide range of energy conservation programs in residential and commercial structures, industry, and transportation. Because there have been several court judgments and because of the complexities of the project approval process, it is not clear how much oil overcharge money is being used to support transportation energy conservation projects. However, available data suggest that the transportation sector is receiving less than 12 percent of these funds. In 1988, transportation accounted for more than 63 percent of US oil use. Within the guidelines of the court settlements, a variety of transportation energy conservation programs are eligible for funding with oil overcharge funds. The US Department of Energy's administration of oil overcharge funds is discussed and the kinds of projects that state and local officials should consider in successfully developing a conservation program are illustrated.

• OSTI ID: 5733816
• Journal Information: Transportation Research Record; (United States), Journal Name: Transportation Research Record; (United States) Vol. 1267; ISSN 0361-1981; ISSN TRREDM
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320203* -- Energy Conservation
Consumption
& Utilization-- Transportation-- Land & Roadway
ALLOCATIONS
CHARGES
CREDIT ACCOUNTS
ENERGY CONSERVATION
ENERGY CONSUMPTION
FUEL CONSUMPTION
INDUSTRY
OILS
ORGANIC COMPOUNDS
OTHER ORGANIC COMPOUNDS
PETROLEUM INDUSTRY
PRICES
TRANSPORTATION SECTOR
VEHICLES