Strategic Petroleum Reserve issues. Hearings before the Subcommittee on Fossil and Synthetic Fuels of the Committee on Energy and Commerce, House of Representatives, Ninety-Seventh Congress, Second Session, March 2 and August 2, 1982

Book · Fri Jan 01 04:00:00 EST 1982

OSTI ID:6220932

Two panels reported at hearings on the Strategic Petroleum Reserve (SPR) as it focused on the 1983 budget request and its implications for filling the reserves. The first panel addressed the issue of the SPR reaching capacity at a time when low oil prices make accelerated purchases attractive, while a second panel considered the need for interim storage for stockpiling beyond the existing capacity. The final SPR cost could reach $40 billion, but it represents the nation's main defense against an oil shortfall. Witnesses were asked to discuss the interaction of drawdown plans, the ultimate size of the reserve, and regional reserves. The 14 witnesses presented the views of academics, industry, the transportation sector, oil consumers, and state governments. Their statements and additional material submitted for the record make up the hearing record. (DCK)

• OSTI ID: 6220932
• 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
EMERGENCY PLANS
HEARINGS
RESERVES
RESOURCES
STOCKPILES
STORAGE FACILITIES
STRATEGIC PETROLEUM RESERVE
SUPPLY DISRUPTION