Strategic Petroleum Reserve Issues: Hearings Before the Subcommittee on Fossil and Synthetic Fuels of the Committee on Energy and Commerce, House of Representatives, Ninety-seventh Congress, Second Session, March 2 and August 2, 1982

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3 ページ - There can be no greater error than to expect real favors from nation to nation. It is an illusion which experience must cure, which a just pride ought to discard.
439 ページ - the storage of substantial quantities of petroleum products will diminish the vulnerability of the United States to the effects of a severe energy supply interruption, and provide limited protection from the short-term consequences of interruptions in supplies of petroleum products.
470 ページ - The establishment and maintenance of a Regional Petroleum Reserve in, or readily accessible to, each Federal Energy Administration Region, in which imports of residual fuel oil or any refined petroleum product, during the 24-month period preceding the date of computation, equal more than 20 percent of demand for such oil or product in such regions during such period.
127 ページ - BUILDING BUFFER STOCKS IN A BEAR MARKET: POLICY CHOICES FOR EMERGENCY OIL RESERVES * Building a strategic petroleum reserve has proceeded during the past two administrations in spite of controversy over emergency measures in general. While free market advocates claim that the market can handle supply interruptions if it is merely left alone, interventionists counter that the market
300 ページ - more than 57 million barrels. Of the total, about 26 million barrels are for No. 2 fuel oil, about 24 million barrels are for residual fuel oil, and about 7.4 million barrels are for gasoline and other products. Mr.
289 ページ - Statement of John G. Buckley on behalf of the Independent Fuel Terminal Operators Association on the Strategic Energy Reserve Act (S. 677 and S. 594) before the Senate Committee on Interior and
3 ページ - It is an illusion which experience must cure, which a just pride ought to discard.
439 ページ - to the maximum extent practicable ... each noncontiguous area of the United States which does not have overland access to
180 ページ - will reach with respect to the world's petroleum resources when the war is over, and I will undertake to analyze the durability of the peace that is to come... The
396 ページ - essential, because—although the private sector has incentives to develop and maintain its own stockpile of both crude oil and petroleum products—commercial enterprises have no economic reason to achieve stockpile levels that are optimal from the national perspective. Under present conditions, many of the economic, national security, and International policy benefits from such stockpiles accrue to the general public rather than to investors.

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