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121312 1 (1983-05-06)

handle is hein.gao/gaobactag0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 For Release at 10:00a.m. May 6, 1983 STATEMENT OF F. KEVIN BOLAND SENIOR ASSOCIATE DIRECTOR RESOURCES, COMMUNITY AND ECONOMIC DEVELOPMENT DIVISION 121312 BEFORE THE SUBCOMMITTEE ON ENERGY AND MINERAL RESOURCES SENATE COMMITTEE ON ENERGY AND NATURAL RESOURCES ON THE STRATEGIC PETROLEUM RESERVE Mr. Chairman and Members of the Subcommittee: We appreciate the opportunity to be here today to discuss issues relating to the Strategic Petroleum Reserve (SPR). We have followed the SPR program since its inception and have issued numerous reports on matters affecting the Reserve. At the request of the full Committee, we report quarterly on SPR activities. Also, we recently completed a series of reports that evaluated administration documents submitted to the Congress under the Energy Emergency Preparedness Act of 1982. My testimony today is based primarily on this work and focuses on the SPR's fiscal year 1983 fill rate and the admini- stration's budget request for fiscal year 1984. In addition, I will comment on the concerns we have about the adequacy of the administration's plan for using the SPR and other aspects of the administration's energy emergency preparedness program. First, however, I would like to emphasize the importance of the SPR to the Nation's ability to respond to energy emergen- cies. The SPR is the cornerstone of the administration's energy emergency preparedness program; and, in fact, is virtually the only major mechanism presently available to deal with an energy supply disruption. czn: 62 3'/7 A.

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