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EMD-79-14 1 (1979-03-20)

handle is hein.gao/gaobaayuy0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 ENERGY AND MINERALS DIVISION MARCH 20, 1979 B-178205 The Honorable James R. Schlesinger The Secretary of Energy Dear Mr. Secretary: 108857 While monitoring the Department of Energy's (DOE) l/ efforts to create a strategic petroleum reserve, we noted that the legislation which authorized the regional reserves is not being fully implemented. Specifically, DOE has failed to obtain sufficient data concerning demand and imports of refined petroleum products. Moreover, although DOE has obtained some data on petroleum product demand and imports, it has not gathered this data on either a regional or annual basis, as required by law. DOE's efforts in this area should be improved in order to minimize the risk that sufficient supplies of imported petroleum products would not be avail- able in each region if an oil embargo were to occur. BACKGROUND To diminish U.S. vulnerability to the effects of a severe interruption in energy sup to i protection from the conse es of interruptions in petro-- 1es, thg ry Policy and Conser Public Law963 Decb , , requires DOE to s c petroleum reserve (reserve). In February 1977, DOE submitted to the Congress a reserve plan which stated that the reserve would contain an estimated 500 mil- lion barrels of crude oil by December 1982. In his April 1977 energy message, however, the President called for expand- ing the program to I billion barrels. Subsequently, DOE 1/Many of the statements and actions attributed to DOE in this report were actually stated and performed by the Federal Energy Administration. For simplicity, however, DOE is referred to throughout the report. The functions of the Federal Energy Administration were assigned to DOE on October 1, 1977, pursuant to the Department of Energy Organization Act (P.L. 95-91). 1\ b-I j~Lf EMD-79-14 (30620)

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