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EMD-81-84 1 (1981-04-30)

handle is hein.gao/gaobabbxe0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 WMGY AMD MINEA April 30, 1981 DIVISION KESTRfC r. - b ~ ek e Seneral B-203064 A cctunhe G t e Generat by th e 0 of Congr.aCe,0 of R ieCifi at~proval nar~kafRehtlo ... The Honorable James M. Shannon U.S. House of RepresentativesAn Dear Mr. Shannon: 115204 Subject: Impact on small refiners of the decision to decontrol crude oil prices (EMD-81-84) Your letter of February 2, 1981, (see encl. II) requested certain information relating to the impact on small refiners of the President's January 28, 1981, decision to decontrol the prices of domestic crude oil and the allocation of refined products. For purposes of this report a small refiner processes 50,000 barrels of oil per day or less. Specifically, you requested information on a selection of small refiners which included ownership and/or affiliation, product slate, regional economic role or markets served in relation to the nearest integrated refinery, and capacity utilization. You also requested financial data, if readily available, and employment data, if time permitted. Enclosure I contains the information requested except that financial data on refinery operations was not readily available. We are also providing information your office requested on the refiners' ability to obtain crude oil and their opinions on how decontrol will affect them. To assist in selecting the refiners visited, we obtained information on all U.S. refiners from the Department of Energy's (DOE's) Energy Information Administration and from the Department of the Interior's U.S. Geological Survey on 109 small refiners that applied to purchase oil from the Government. (See pp. 3, 4, and 5 of encl. I for a detailed discussion of the methodology used to select the refiners). We then visited seven refiners of varying size, geographic location, product slates, methods of crude oil acquisition, (306264)

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