About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

129211 1 (1986-03-04)

handle is hein.gao/gaobactpq0001 and id is 1 raw text is: 


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


                                            FOR RELEASE ON DELIVERY
                                            Expected at 10:00 a.m.
                                            March 4, 1986

 129211
                    STATEMENT OF JAMES  DUFFUS III
                        ASSOCIATE DIRECTOR
                RESOURCES, COMMUNITY,  AND ECONOMIC
                       DEVELOPMENT DIVISION
                            BEFORE THE
            -SUBCOMMITTEE ON FOSSIL AND SYNTHETIC  FUELS
              HOUSE COMMITTEE ON  ENERGY AND COMERC


     We appreciate the opportunity  to participate in this hearing

and provide comments on certain aspects of our work  relating to

the Strategic Petroleum Reserve  (SPR). Specifically, you  asked us

to comment on (1) the actions taken by  the Department of Energy

(DOE) on our June 1985 report1 on DOE's plan  for selling SPR oil,

(2) the recently-completed test drawdown  and sale of SPR oil, and

(3) DOE's distribution enhancement program and  its effect on

drawdown capability.  My remarks on the test sale and enhancement

program reflect preliminary observations derived from our ongoing

work being done for the Chairman, Subcommittee on Environment,

Energy and Natural Resources, House Committee on Government

Operations.

GAO EVALUATION OF DOE'S
SALES PLAN FOR THE SPR

     Our June 1985 report, which was done at your request Mr.

Chairman, looyed at DOE's SPR sales plan.  Generally, we found

that the plan's market approach would, as intended, probably limit







lEvaluation of the Department of Energy's Plan to Sell Oil From
the  Strategic Petroleum Reserve (GAO/RCED-85-80, June 5, 1985).

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most