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120617 1 (1983-02-17)

handle is hein.gao/gaobacsye0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 FOR RELEASE ON DELIVERY FEBRUARY 17, 1983, 10:00 A.M. STATEMENT OF F. KEVIN BOLAND SENIOR ASSOCIATE DIRECTOR RESOURCES, COMMUNITY, AND ECONOMIC DEVELOPMENT DIVISION BEFORE THE SUBCOMMITTEE ON FOSSIL AND SYNTHETIC FUELS, HOUSE COMMITTEE ON ENERGY AND COMMERCE Mr. Chairman and Members of the Subcommittee: We appreciate the opportunity to be here today to discuss issues of concern about the Strategic Petroleum Reserve,(SPR). Because of the vital role the SPR plays in protecting our Nation's security and economic health during oil supply disruptions, GAO has done a substantial amount of work on the SPR. We issue quarterly reports on the SPR's status and have recently issued a report evaluating the Administration's SPR drawdown plans for the Senate Committee on Energy and Natural Resources. We also have done substantial analysis of the Administration's overall emer- gency preparedness program. We will soon be issuing a report which assesses the Administration's Comprehensive Energy Emergency Response Procedures, including those relating to the SPR. Our comments today are primarily based on this work and will cover the SPR budget, including funding for both oil acquisition and expansion of storage capacity, the Administration's SPR drawdown plans, and its overall energy emergency preparedness program. Two problems that plagued the early development of the SPR were delays in construction and oil acquisition. Over the last 2 years, the Administration has made good progress in filling SA 0 (o I7120617

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