Potential Heating Oil Shortages: Hearings, Ninety-third Congress, First SessionU.S. Government Printing Office, 1973 - 215 ページ |
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average barrels per day BRIDGES ceiling prices Chairman HUMPHREY Citgo coal committee Con Ed CONGRESS THE LIBRARY conservation consumer Cost of Living costs of imports crude oil demand diesel fuel domestic crude DUNLOP economic environmental Federal gasoline going Government Governor heating season home heating oil increased costs independent inventories January jobbers KENNY LIBRARY OF CONGRES LIBRARY OF CONGRESS LIGON Living Council Long Island major oil companies mandatory allocation program margin markup million barrels Minnesota months natural gas normal oil shale operating PAD Districts percent petroleum industry petroleum products Phase IV rules prepared statement price controls price increases problem projections propane RAWL reason refineries refining capacity regulations residual fuel retail rman HUMPHREY Senator Humphrey Senator JAVITS Senator PERCY situation subcommittee sumers suppliers talking temperature thousand barrels tion United utilities weather winter
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215 ページ - The 20 companies listed above own and control terminals capable of receiving ocean-going tankers. None is affiliated with a major integrated oil company. Members of the Association are independent marketers of No. 2 fuel oil. No. 6 fuel oil, gasoline and other petroleum products. They distribute 40% of the No.
125 ページ - The Council intends to monitor the ceiling prices of gasoline, No. 2 heating oil and No. 2-D diesel fuel and will make periodic upward adjustments in the ceiling prices for those products to account for increased costs of imports and of domestic crude.
22 ページ - The President may delegate the performance of any function under this title to such officers, departments, and agencies of the United States as he may deem appropriate. §204. Penalty Whoever willfully violates any order or regulation under this title shall be fined not more than $5,000.
121 ページ - The two-tier pricing system, which allows new oil to be sold at higher prices than "old oil" is expected to stimulate domestic crude oil production while maintaining price controls on oil presently being produced. The...
11 ページ - ... its ways. Legal responsibility for achieving the standards is placed on the States which have devised implementation plans ; that is, strategies of regulation to achieve the standards. To date, these plans have evinced two characteristics of extreme importance. First, many of the implementation plans have chosen 1975 as a reasonable time to meet the more stringent secondary standards in addition to the primary standards. Let me back up and be sure we understand that. In other words, the primary...
123 ページ - ... Currently, we produce domestically about 9 million barrels of crude oil and another 2.2 million barrels of petroleum refined from natural gas. The remainder of our needs is fulfilled from the imports of both crude oil and products. RECENT PRICE BEHAVIOR IN PETROLEUM INDUSTRY In recent years the US has become more and more reliant on imports to satisfy the nation's rapidly expanding demand for oil products. Foreign oil supplies have been plentiful and inexpensive relative to domestic prices for...
124 ページ - DOMESTIC CRUDE OIL Social rules apply to domestically produced petroleum. A fixed ceiling price has been established for domestic crude petroleum pumped from oil fields in the United States. This ceiling price is the May 15, 1973, posted price for crude in each US oil field plus 35 cents per barrel. An additional dollar was allowed in December 1973 bringing the controlled average price of a barrel of controlled crude to oil to $5.25.
203 ページ - B. 3 percent colder 3,648 83.9 (3) Even if the weather is normal, our demand projection in Table II could prove conservative. This is due to the uncertainty surrounding the extent of the natural gas shortage this winter — and the effect it will have on distillate heating oil demand. Firm gas curtailments3 last winter (November-March) totaled 565.6 billion cuft.
48 ページ - MB/D during the fourth quarter of 1973 and the first quarter of 1974), an increase of 10% over last year.