Enforcement of major refiner cases: Getty Oil and other settlements. Hearing before the Subcommittee on Energy and Power of the Committee on Interstate and Foreign Commerce House of Representatives, Ninety-Sixth Congress, second session on settlements by the Department of Energy on overcharges within the petroleum industry, October 14, 1980

Book · Thu Jan 01 00:00:00 EST 1981

OSTI ID:6554202

The proceedings of hearings conducted on matters relative to settlements on overcharges within the Petroleum Industry by the Department of Energy are recorded in this volume. The distribution of $25 million collected from Getty Oil is discussed. According to a GAO opinion, where victims of violations cannot be readily ascertained, any portion of the money not distributed must be deposited in the treasury. Prior to this ruling the DOE had announced a plan to distribute $21 million to 20 states and $4 million to military personnel. One state had already received $1.3 million. In addition to the Getty Fund, more than $200 million has been collected by DOE's Office of Special Counsel and placed in escrow accounts as restitution. The Office of Hearings and Appeals is asking for comments on how $90 million in consent order funds should be distributed. The committee heard testimony from the Department of Justice, the Department of Energy, General Accounting Office, Department of Defense, and the Department of the Treasury.

• OSTI ID: 6554202
• Resource Relation: Related Information: Serial No. 96-225
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
PETROLEUM INDUSTRY
VIOLATIONS
PRICING REGULATIONS
ENFORCEMENT
VICTIMS COMPENSATION
HEARINGS
CONSUMER PROTECTION
LAWS
PRICES
US DOE
INDUSTRY
NATIONAL ORGANIZATIONS
REGULATIONS
US ORGANIZATIONS
021000* - Petroleum- Legislation & Regulations
294002 - Energy Planning & Policy- Petroleum
293000 - Energy Planning & Policy- Policy
Legislation
& Regulation