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OSTI.GOVU.S. Department of Energy Office of Scientific and Technical Information
U.S. Department of Energy
Office of Scientific and Technical Information
 

Second annual report to the Congress pursuant to Section 106 of the Energy Security Act (P. L. 96-294) on actions taken under sections 305 and 306 of the Defense Production Act of 1950 as amended by the Energy Security Act, covering the period from December 1, 1981-June 30, 1982

Technical Report ·
OSTI ID:6537736
Activities undertaken by the DOE and the US Synthetic Fuels Corporation to implement the development of synthetic fuels in accordance with the Defense Production Act of 1950 are discussed. This report covers the period from December 1981 through June 1982. Actions taken with respect to the Union Oil and the Shale Oil Corporation by DOE are summarized in the first part of the report. The second part describes actions under the Synthetic Fuels Corporation. On May 2, 1982, Exxon publicly announced that it had decided to discontinue funding its sixty percent share of the Colony Project except to the extent required to meet existing obligations. That same day Oil Shale Corporation informed Exxon of its election to exercise its right to sell its interest in the project to Exxon. The Corporation required that Oil Shale Corporation repay its United States guaranteed loans and that the guarantee commitment be terminated and rendered null and void as conditions to the Corporation's consenting to such sale and its releasing liens on Oil Shale Corporation's interest in the project. The closing of those transactions took place on June 22, 1982. (DMC)
Research Organization:
United States Synthetic Fuels Corp., Washington, DC
OSTI ID:
6537736
Report Number(s):
DOE/NBM-3005421; ON: DE83005421
Country of Publication:
United States
Language:
English

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Related Subjects

04 OIL SHALES AND TAR SANDS
040800* -- Oil Shales & Tar Sands-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290500 -- Energy Planning & Policy-- Research
Development
Demonstration
& Commercialization
294004 -- Energy Planning & Policy-- Oil Shales & Tar Sands
BITUMINOUS MATERIALS
CARBONACEOUS MATERIALS
ENERGY SOURCES
FINANCIAL ASSISTANCE
FINANCIAL INCENTIVES
FINANCING
FOSSIL FUELS
FUELS
INDUSTRY
LOAN GUARANTEES
MATERIALS
NATIONAL ORGANIZATIONS
OIL SHALE INDUSTRY
OIL SHALES
RESEARCH PROGRAMS
SYNTHETIC FUELS CORPORATION
US DOE
US ORGANIZATIONS