Home Heating Fuel Crisis: Hearing Before the Committee on Governmental Affairs, United States Senate, One Hundred First Congress, Second Session, January 16, 1990U.S. Government Printing Office, 1990 - 421 pages |
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action agency allocation antitrust Attorney average barrels per day cents per gallon cold weather Committee Congress Connecticut consumers costs crude oil customers December December 27 demand Department of Energy DIBONA distillate domestic energy emergency Energy Information Administration energy supplies EPCA export federal FRS companies fuel oil futures market gasoline going heating fuels heating oil prices heating season home heating oil IEP Agreement implement income industry inventories January Jones Act LIHEAP MARAD margins ment MERKLEIN million barrels national defense natural gas Northeast oil companies oil supplies operating PADD Participating Countries percent petroleum products President price gouging price increases problems profits propane refiners refinery regulation require Reserve retail Section Senator COHEN Senator LEVIN Senator LIEBERMAN Senator RUDMAN shortage spot price statute statutory authorities stocks Strategic Petroleum Reserve suppliers supra Thank TILTON tion transportation United voluntary agreements waiver wholesale
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Page 136 - ... for the purpose of assuring such priority, to require acceptance and performance of such contracts or orders in preference to other contracts or orders by any person he finds to be capable of their performance, and (2) to allocate materials and facilities in such manner, upon such conditions, and to such extent as he shall deem necessary or appropriate to promote the national defense.
Page 10 - Mr. Chairman, thank you very much. I am pleased to be here and pleased to be accompanied by Warren Irons, the Commission's Executive Director.
Page 136 - Notwithstanding any other provision of this Act. the President may, by rule or order, require the allocation of, or the priority performance under contracts or orders (other than contracts of employment) relating to, supplies of materials and equipment in order to maximize domestic energy supplies if he makes the findings required by paragraph (3) of this subsection.
Page 139 - International Emergency Economic Powers Act". SITUATIONS IN WHICH AUTHORITIES MAY BE EXERCISED Sec. 202." (a) Any authority granted to the President by section 203 may be exercised to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States, if the President declares a national emergency with respect to such threat.
Page 236 - ... refineries to the terminals; act to reassure consumers that an emergency does not exist and that there is no need for such panic reactions as topping off heating oil tanks; and that the department examine all regulatory restrictions which may hinder the free flow of product from refineries to the terminals and to lift all such restrictions on a temporary basis which do not jeopardize human health and safety. We also offered one long term suggestion that relates directly to Chairman Sharp's proposed...
Page 369 - August 31, 1990 The Honorable John Glenn Chairman Committee on Governmental Affairs United States Senate Washington, DC 20510 Dear Mr. Chairman...
Page 17 - This concludes my prepared statement, and I will be pleased to respond to any questions the subcommittee may have.
Page 136 - In order to give priority to performance under contracts deemed necessary or appropriate to promote the national defense and to allocate materials and facilities in such manner, upon such conditions and to such extent as necessary or appropriate to promote the national defense...
Page 136 - ... imply that the findings, on which the exercise of such authority is conditioned, will be made in any particular case. (c) If DOE determines that a program or project maximizes domestic energy supplies and finds that supplies of materials and equipment are critical and essential to maintain or further the exploration, production, refining, transportation or conservation of energy supplies or for the construction and maintenance of energy facilities, such determination and finding will be communicated...
Page 135 - Voluntary Agreement and Plan of Action to Implement the International Energy Program was agreed to in 1976 by a number of US oil companies.