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EMD-81-136 1 (1981-08-28)

handle is hein.gao/gaobabcjf0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 AND MINRALS REL[EASED AUG 2 8 1981 DIVISION B-203117 RESTRICTrP -. r pn !eWead utade Ge Qeneral ....L~t~ . l We b , a a' s p cific approval by the Otffce ol Cw ,. n The Honorable James McClure Chairman, Committee on Energy and Natural Resources United States Senate The Honorable John Dingell 116279 Chairman, Committee on Energy and Commerce House of Representatives Subject: Status of Strategic Petroleum Reserve Activities-- August 1981 (EMD-81-136) This is the eighth in a series of status reports requested by members of the Senate Committee on Energy and Natural Resources and the House Committee on Energy and Commerce on the administration's activities to implement title VIII of the Energy Security Act. (See enc. II for the July 23, 1980, letter requesting these reviews.) Title VIII requires the President to fill the Strategic Petroleum Reserve (SPR) at an average rate of at least 100,000 barrels per day for fiscal year 1981 and each succeeding fiscal year. Our most recent report on the status of SPR fill activities (EMD-81-118, July 17, 1981) noted that, since passage of the Energy Security Act, the Government had issued cbntracts for about 95 million barrels of oil to be delivered to the SPR during fiscal year 1981. This is equivalent to an average fill rate of about 260,000 barrels per day for the entire fiscal year and exceeds the administration's goal for the fiscal year presented in its March 10, 1981, budget of filling the SPR at a rate of about 200,000 barrels per day. This report discusses the Government's activities to contract for SPR oil as of August 21, 1981. It also discusses the volume of oil delivered to the Department of Energy's (DOE's) SPR storage facilities and the status of these facilities as of August 17, 1981. The report is based on our review of DOE and Defense Fuel Supply Center (DFSC) program documents, and of publications and studies (306277)

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