Naval Petroleum Reserve No. 1

Technical Report · Mon Jan 01 04:00:00 EST 1990

OSTI ID:6635219

For several years, the administration has proposed selling the government's ownership interest in the Naval Petroleum Reserves, arguing that it would help reduce the federal budget deficit. The administration's latest proposal calls for the sale of reserves in fiscal year 1990. DOE estimates that if the reserves are sold in 1990, proceeds would amount to about $3.4 billion. The Naval Petroleum Reserve at Elk Hills, California, is the largest of the reserves. This report has reviewed and analyzed the new reserve data and found that DOE's reserve estimates for Elk Hills are still neither accurate nor up-to-date.

• Research Organization: Perkin-Elmer Corp., Norwalk, CT (USA)
• OSTI ID: 6635219
• Report Number(s): GAO/RCED-90-16
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
CALCULATION METHODS
ENERGY SUPPLIES
FUEL SUPPLIES
GEOLOGIC DEPOSITS
MANAGEMENT
MINERAL RESOURCES
NAVAL PETROLEUM RESERVE
PETROLEUM DEPOSITS
RESERVES
RESOURCE MANAGEMENT
RESOURCES
VOLUME