Amendment No. 1 to the Strategic Petroleum Reserve Plan. Hearing before the Committee on Energy and Natural Resources, United States Senate, Ninety-Fifth Congress, First Session on the proposal by the Federal Energy Administration to accelerate the development schedule of the strategic petroleum reserve to store 500,000,000 barrels of oil by the end of 1980, June 9, 1977

Book · Sat Jan 01 04:00:00 EST 1977

OSTI ID:7218962

The hearing was before the Subcommittee on Energy Production and Supply. The purpose of the amendment (Energy Action No. 12) is to accelerate the development schedule of the reserve so that there will be 500 million barrels of oil in storage by the end of 1980, instead of 1982. Statements were presented by Sen. Dewey F. Bartlett, Oklahoma; John G. Buckley, Northeast Petroleum Industries, Inc.; Dr. James S. Cross, American Petroleum Institute; Sen. John A. Durkin, New Hampshire; Sen. Floyd K. Haskell, Colorado; Kenneth S. Kamlet and Dr. Eric Rifkin, National Wildlife Federation; and Rear Admiral William Myers, :Department of Defense before John F. O'Leary's statement from the Federal Energy Administration was presented by Thomas E. Noel. The FEA statement described the proposed action and explained the actions necessary to attain that objective. FEA was also afforded the opportunity to discuss the feasibility of accomplishing the accelerated schedule and reviewed the benefits and costs from the speedier rate of storage. The economic and environmental impacts were also reviewed. The final statement was presented by Dr. James G. Tewksbury, Foster Associates, Inc. Answers to questions addressed to the FEA are published in Appendix I. (MCW)

• OSTI ID: 7218962
• 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
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002* -- Energy Planning & Policy-- Petroleum
COST BENEFIT ANALYSIS
ECONOMIC IMPACT
ENERGY SOURCES
ENVIRONMENTAL IMPACTS
FOSSIL FUELS
FUELS
HEARINGS
LEGISLATION
PETROLEUM
RESERVES
RESOURCES
STORAGE
STRATEGIC PETROLEUM RESERVE