Final report to the President on oil supply shortages during 1979

PDF Version Also Available for Download.

Description

Stockpile levels at the beginning of 1979, imports during the first half of the year, and inventory management were primarily responsible for the oil supply shortage in the spring and summer of 1979. There was a 3.1% reduction in oil supply in May to July of 1979 relative to the same period in 1978, and a 0.2% reduction relative to 1977. The reduction in available oil between 1979 and previous years was even greater than the reduction in supply. Domestic production of crude oil declined between May to July of 1978 and the same period in 1979. This was consistent ... continued below

Physical Description

Pages: 62

Creation Information

None July 1, 1980.

Context

This report is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this report can be viewed below.

Who

People and organizations associated with either the creation of this report or its content.

Author

Publisher

Provided By

UNT Libraries Government Documents Department

Serving as both a federal and a state depository library, the UNT Libraries Government Documents Department maintains millions of items in a variety of formats. The department is a member of the FDLP Content Partnerships Program and an Affiliated Archive of the National Archives.

Contact Us

What

Descriptive information to help identify this report. Follow the links below to find similar items on the Digital Library.

Description

Stockpile levels at the beginning of 1979, imports during the first half of the year, and inventory management were primarily responsible for the oil supply shortage in the spring and summer of 1979. There was a 3.1% reduction in oil supply in May to July of 1979 relative to the same period in 1978, and a 0.2% reduction relative to 1977. The reduction in available oil between 1979 and previous years was even greater than the reduction in supply. Domestic production of crude oil declined between May to July of 1978 and the same period in 1979. This was consistent with the long-term trend. Free-world oil production dropped by about 2 million b/d during the first quarter of 1979 as a result of the loss of Iranian production. Production returned to pre-disruption levels by the middle of 1979. The US share of free-world oil supply dropped by 2% in the second quarter of 1979 compared to the 1977-78 average. Gasoline supplied to consumers during May to July 1979 was 8.5% less than in the same period in 1978, and 7 to 9% less than the amount that would have been consumed if there had been no supply restriction. Compared to 1978, reduced gasoline production during this period in 1979 accounted for 36% of the supply reduction, and reduced use of stocks accounted for 64% of the supply reduction. Refiners could have made more gasoline available during May to July of 1979 without reducing stocks below minimum operating levels. The yield of gasoline relative to other petroleum products went down in May to July of 1979 as compared to the same period in 1977 and 1978. Most of the increase was in production of petrochemical feedstocks. Refiners who were bound by DOE price controls or who were complying with CWPS guidelines could not have increased allowable revenues by delaying the sale of gasoline. Virtually all of the gasoline price increases that took place between January and August 1979 were based on cost increases.

Physical Description

Pages: 62

Notes

NTIS, PC A04/MF A01.

Language

Item Type

Identifier

Unique identifying numbers for this report in the Digital Library or other systems.

  • Report No.: DOE/S-0011
  • Grant Number: None
  • DOI: 10.2172/5359171 | External Link
  • Office of Scientific & Technical Information Report Number: 5359171
  • Archival Resource Key: ark:/67531/metadc1068298

Collections

This report is part of the following collection of related materials.

Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

What responsibilities do I have when using this report?

When

Dates and time periods associated with this report.

Creation Date

  • July 1, 1980

Added to The UNT Digital Library

  • Feb. 4, 2018, 10:51 a.m.

Description Last Updated

  • March 23, 2018, 4:17 p.m.

Usage Statistics

When was this report last used?

Congratulations! It looks like you are the first person to view this item online.

Interact With This Report

Here are some suggestions for what to do next.

Start Reading

PDF Version Also Available for Download.

Citations, Rights, Re-Use

None. Final report to the President on oil supply shortages during 1979, report, July 1, 1980; United States. (digital.library.unt.edu/ark:/67531/metadc1068298/: accessed May 21, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.