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114628 1 (1981-03-18)

handle is hein.gao/gaobadyqj0001 and id is 1 raw text is: 




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


                                 FOR RELEASE ON DELIVERY
                                 Expected at 12:00 noon
                                 Wednesday, March 18, 1981

                        STATEMENT OF
                      F. KEVIN BOLAND
                 SENIOR ASSOCIATE DIRECTOR
               ENERGY AND MINERALS DIVISION            114628
                        BEFORE THE
        SUBCOMMITTEE ON FOSSIL AND SYNTHETIC FUELS
                          OF THE
          HOUSE COMMITTEE ON ENERGY AND COMMERCE

                  STRATEGIC PETROLEUM RESERV


Mr. Chairman and Members of the Subcommittee:

     We welcome the opportunity to be here to discuss GAO's

.:ork on the Strategic Petroleu- Rezerve (5 <) ?rngr&..  C-

nave been following the Federal overnmnt's progress in

developing the SPR for several years, an- have reported

on various aspects of the program. Our ongoing SPR work

is in response to a July 23, 1980, request from members

of the former House Interstate and Foreign Commerce

Committee and the Senate Energy and Natural Resources

Committee that we prepare status reports on the admin-

istration's activities to implement title VIII of the

Energy Security Act (P.L. 96-294). We have issued four in

a series of status reports and expect to issue another at

the end of this month.


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