U.S. strategic petroleum reserve at a turning point -- management of cost, oil supply problems, and future site development: report to the Chairman, Subcommittee on Energy and Power, House Committee on Interstate and Foreign Commerce
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SPR COST GROWTH AND EFFORTS TO CONTROL IT
FUTURE SITE DEVELOPMENT
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250 million barrels Accounting Office additional barrels by December barrels of capacity barrels of oil brine budget Catlettsburg refinery competitive turnkey solicitation control costs cost and schedule cost growth cost increases crude oil December 26 December l978 default decisions deliver oil delivery failures Derby documentation DOE justified noncompetitive DOE officials DOE's evaluating facility costs failed to deliver February l979 four contractors Fuel Supply Center future site develop Government Hackberry Hideca impact initial Iran Iranian Ironton justified noncompetitive procurement Louisiana Marc Rich ment Napoleonville negotiations NONCOMPETITIVE SITE DEVELOPMENT noncompetitive turnkey obtain oil October l978 oil availability oil fill schedule oil supply options percent Phase planned prices and terms problems reprocure requested Reserve Program SALT DOME Secretary of Energy SPR oil storage capacity storage goals Strategic Petroleum Reserve Subcommittee on Energy suppliers supply situation three noncompetitive three sites turning point turnkey contract turnkey procurement