Strategic Petroleum Reserve: A Closer Look at the Drawdown : Hearing Before Subcommittee on Energy and Power of the Committee on Commerce, House of Representatives, One Hundred Sixth Congress, Second Session, October 19, 2000, Volume 4U.S. Government Printing Office, 2001 - 115 páginas |
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Palavras e frases frequentes
30 million barrels additional Administration Administration's Admiral Watkins awarded barrels of oil BARTON bidders bidding process BOLES BOUCHER BURR capacity Chairman committee companies CONGRES CONGRESS THE LIBRARY contract crude oil decision delivery Department of Energy disruption distillate drawdown emergency energy policy ergy exchange export fact Federal fuel oil gasoline gentleman going hearing heating oil prices heating oil reserve home heating oil impact important increase industry issue John Boles Jones Act KRIPOWICZ LARGENT letter of credit LIBRARY OF CONGRESS MAJAK MANZONI marketplace ment natural gas Northeast NYMEX oil inventories oil market oil supplies OPEC percent PICKERING political PREPARED STATEMENT President question refined products release of SPR Secretary of Energy SHIMKUS shortages small businesses solicitation SPR crude SPR oil SPR release SPR swap stocks Strategic Petroleum Reserve subcommittee SURMA tegic Thank tion Wall Street Journal winter WOLKOFF
Passagens conhecidas
Página 39 - States or to fulfill its declared international obligations; and (C) to restrict the export of goods where necessary to protect the domestic economy from the excessive drain of scarce materials and to reduce the serious inflationary impact of foreign demand.
Página 91 - Once initiated, a futures contract obligation can be satisfied by either taking an equal and offsetting futures position or by going through the delivery process and taking possession or making delivery of the commodity. The vast majority of market participants opt for the former, and as a result, futures contracts are primarily used as financial rather than physical management tools. An options contract bestows upon its owner the right, but not the obligation, to buy or sell the underlying futures...
Página 24 - STATEMENT OF HON. JOE KNOLLENBERG, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF MICHIGAN Mr. KNOLLENBERG. Mr. Chairman, thank you very much for holding this hearing.
Página 3 - I will be happy to recognize the distinguished ranking member, the gentleman from Virginia, Mr. Boucher, for an opening statement. Mr. BOUCHER. Thank you very much, Mr. Chairman. I...
Página 36 - There are only a few limited circumstances in which the Department will approve applications to export crude oil. These include exports from Alaska's Cook Inlet, exports to Canada for consumption or use therein, exports in connection with refining or exchange of Strategic Petroleum Reserve oil, and exports of California heavy crude oil, up to an average volume of 25,000 barrels per day.
Página 76 - Congress finds that 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.
Página 17 - A REPRESENTATIVE IN CONGRESS FROM THE STATE OF TEXAS Mr. Chairman, I appreciate the opportunity to...
Página 102 - Motive's ownership is 35% Shell, and 32.5% each by Texaco and Saudi Refining Company. On behalf of Equilon and Motiva, we are in the business of products supply and trading, crude oil supply and trading, marine chartering and support, and other related activities. We are headquartered in Houston, with smaller trading offices in Burbank, California, and Calgary, Canada. Mr. Chairman, Equiva Trading was not consulted on the September 22 decision to release 30 million barrels of oil from the Strategic...
Página 39 - Act of 1979 (EAA), which reads in part "the President may prohibit or curtail the export of any goods subject to the jurisdiction of the United States or exported by any person subject to the jurisdiction of the United States".
Página 19 - MBEs from competing in, and benefitting from federal procurement and the marketplace. These actions make economic sense and are good for a continued healthy America. Thank you for this opportunity. Mr. BARTON. Thank you, Congressman Hinojosa. We appreciate your testimony. We now want to hear from the gentlewoman from Connecticut, Congresswoman DeLauro, for 5 minutes. Your statement is in the record in its entirety, and we ask that you summarize it. STATEMENT OF HON. ROSA L. DeLAURO, A REPRESENTATIVE...