Proposed Sale of the Naval Petroleum Reserves

Abstract

I am pleased to be here today to discuss GAO's work related to the federal government's proposed sale of Naval Petroleum Reserves 1 and 3 (NPR-1 and 3). While we have not taken a position for or against the sale of the reserves, we have conducted a number of studies of NPR-1 operations, including one that dealt directly with the question of valuation. We also have ongoing work on several aspects of the proposal which was requested by the Chairman, Subcommittee on Energy and Power, House Committee on Energy and Commerce. (NPR-3 is a relatively small reserve and has not been the subject of past or present GAO inquiries.) In my testimony today, I would like to discuss.

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Document Details

Document Type
Technical Report
Publication Date
Jan 29, 1988
Accession Number
AD1153016

Entities

People

  • Flora H. Milans

Organizations

  • United States Government Accountability Office

Tags

DTIC Thesaurus Topics

  • Agreements
  • California
  • Contracts
  • Energy
  • Engineering
  • Governments
  • High Energy
  • Investments
  • Negotiations
  • Offshore
  • Petroleum
  • Production
  • Production Rate
  • Regions
  • Security
  • Statistics

Readers

  • Economics
  • Maritime and Naval Warfare Studies
  • Public Financial Management and Budgeting