Strategic Petroleum Reserve Amendments of 1989: Hearing Before the Committee on Energy and Natural Resources, United States Senate, One Hundred First Congress, First Session, on S. 694, to Amend the Energy Policy and Conservation Act to Extend the Authority for the Strategic Petroleum Reserve, and for Other Purposes, May 4, 1989U.S. Government Printing Office, 1989 - 152 pagina's |
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750 million barrels alternative financing barrels a day barrels of oil barrels per day Bennett Johnston bill borrowing budget authority CHAIRMAN Congress contract crude oil Department of Energy distribution divestiture drawdown economic Elk Hills energy emergency Energy Policy energy security EPCA export federal fill rate financing proposals funding going Gulf Coast Hawaii index bonds interest cost investor issue lease oil Leeville legislation lessor LICHTBLAU LL&E long term look market price Naval Petroleum Reserves off-budget oil imports oil prices oil supply OPEC option PEMEX percent pipeline price of oil private sector purchase quarter calendar refining Regional Petroleum Reserve regional storage require revenues SAFER salt dome sell Senator BRADLEY Senator MATSUNAGA Senator MCCLURE Senator NICKLES SPR fill SPR financing SPR oil STEWARD storage facilities Strategic Petroleum Reserve supply disruption tanker tanks term leasing U.S. government WAMPLER zero coupon bonds
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Pagina 70 - I understand that this material may be inserted in the transcript in the form of an appendix for correction/clarification and referred to by footnote in the main text.
Pagina 37 - Ultimate Size of the SPR On April 6, 1989, the Department responded to a Congressional request to submit a study on possible steps to expand the SPR from its current goal of 750 million barrels to one billion barrels. The Department's "Report to Congress on Expansion of the Strategic Petroleum Reserve to One Billion Barrels" identifed candidate sites and provided preliminary technical descriptions and cost estimates. As the report stated, expanding the SPR to one billion barrels...
Pagina 33 - The legislation containing the provisions authorizing the SPR expires on June 30, 1989. Over the last 12 years, the SPR has acquired and developed six sites with underground crude oil storage in salt domes along the coasts of Texas and Louisiana, and developed a Government-owned marine terminal on the Mississippi River at St. James, Louisiana. These six storage sites are organized into three distribution systems and connected by Department of Energy pipelines to commercial crude oil pipeline networks...
Pagina 137 - G. Rabben Assistant General Counsel for Legislation Enclosures cc: The Honorable James A. McClure Ranking Minority Member Committee on Energy and Natural Resources...
Pagina 31 - President Bush, in his budget transmittal to Congress on February 9, 1989, reemphasized the Administration's commitment to "restoring a balance between public and private activities that can best be performed by private enterprise..." Previously, President Bush had stated that: " The American solution for the "90s means renewing our emphasis on a limited Federal Government. It means eliminating governmental functions that overlap with each other or compete with the private sector. " As the Administration's...
Pagina 30 - Hoyt or I will be pleased to attempt to answer any questions you may have on any of these important projects.
Pagina 79 - Statement of Keith O. Fultz, Director, Energy Issues Resources, Community, and Economic Development Division Before the Environment, Energy, and Natural Resources Subcommittee Committe on Government Operations House of Representatives GAOF«nlM(li/S7) Mr.
Pagina 101 - Mr. Chairman and Members of the Committee, my name is Leighton Steward. I am Chairman, President, and Chief Executive Officer of The Louisiana land and Exploration Company (LL&E).
Pagina 8 - Resources, to which was referred the bill (S. 2088) to amend the Energy Policy and Conservation Act to extend the authority for...
Pagina 42 - Long-term petroleum product storage has several disadvantages relative to crude oil. These include the loss of flexibility to respond to changing product demands, the need to rotate stocks to avoid product deterioration, and the added cost of segregated product storage and distribution capabilities. The Department...