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117709 1 (1982-03-02)

handle is hein.gao/gaobacstw0001 and id is 1 raw text is: 





            UNITED  STATES GENERAL ACCOUNTING OFFICE
                    WASHINGTON,  D.C.  20548


                                           FOR RELEASE ON DELIVERY
                                           EXPECTED AT 11:00 A.M.
                                           TUESDAY, MARCH 2, 1982


                            STATEMENT OF
                     J. DEXTER  PEACH, DIRECTOR
                   ENERGY AND  MINERALS DIVISION
                             BEFORE THE
            SUBCOMMITTEE ON  FOSSIL AND SYNTHETIC FUELS
                              OF  THE
              HOUSE COMMITTEE ON  ENERGY AND COMMERCE
                                ON
                 THE STRATEGIC PETROLEUM  RESERVE

                                                              117709
Mr. Chairman and Members of  the Subcommittee:

     We welcome the opportunity  to discuss GAO's work on the

Strategic Petroleum Reserve  (SPR) program. We  have had a contin-

uing interest in the SPR for quite some  time and have issued

numerous reports which addressed the progress  and problems asso-

ciated with its development.  My testimony will  cover issues con-

cerning the size of the SPR, capacity constraints,  and oil quality.

Our most recent report 1/ issued December 1981,  covered several

issues before the Subcommittee today and will  serve as the basis

for much of my testimony.

THE SPR AND CONTINGENCY PLANNING

     Before discussing the details of that work, however,  I would

first like to provide some overall views on the  importance and

size of the reserve as they relate to the Nation's ability  to cope

with oil supply disruptions.



1/Strategic Petroleum Reserve:  Substantial Progress Made, But
  Capacity and Oil Quality Concerns Remain   (EMD-82-19, Dec. 31,
  1981).

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