FEDERALhearing transcript

Hearing on Commercializing the Strategic Petroleum Reserve

Original title: DOE MODERNIZATION: LEGISLATION TO AUTHORIZE A PILOT PROJECT TO COMMERCIALIZE THE STRATEGIC PETROLEUM RESERVE

January 1, 2019

energy petroleum strategic petroleum reserve department of energy commercialization

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The Frame

What this does

This hearing explores a potential shift in how the U.S. manages its emergency oil stockpile, which could change how the reserve is funded, maintained, and utilized during energy supply disruptions.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

U.S. Department of Energy

The agency responsible for managing the Strategic Petroleum Reserve and implementing the proposed pilot project.

Energy Industry

Private sector entities involved in the potential commercialization and management of petroleum assets.

What changed

Last recorded activity January 1, 2019.

What's next

Next step not available in the current record.

Summary

The House Subcommittee on Energy held a hearing on July 24, 2018, to discuss proposed legislation authorizing a pilot project to commercialize the (SPR). The hearing featured testimony from Department of Energy officials, the Government Accountability Office, and energy industry experts.

Key Facts

The hearing took place on July 24, 2018, in the Rayburn House Office Building.
The subcommittee discussed legislation to authorize a pilot project for the commercialization of the Strategic Petroleum Reserve.
Witnesses included representatives from the Department of Energy, the Government Accountability Office, Fluor Federal Petroleum Operations, and Clearview Energy Partners.
The hearing was held under the 115th Congress, Second Session.
The document serves as the official record for Serial No. 115-156.

Frequently Asked Questions

What is the Strategic Petroleum Reserve?

It is the U.S. government's emergency stockpile of petroleum, maintained to mitigate the impact of supply disruptions.

What was the purpose of this hearing?

To review proposed legislation that would authorize a pilot project to test the of the reserve.

Why It Matters

This hearing explores a potential shift in how the U.S. manages its emergency oil stockpile, which could change how the reserve is funded, maintained, and utilized during energy supply disruptions.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Move toward commercialization

The hearing indicates a legislative interest in transitioning the management of the Strategic Petroleum Reserve toward a commercial model.

Strategic Petroleum Reserve U.S. Department of Energy

Connected Entities

organizationStrategic Petroleum Reserve“The subject of the proposed commercialization pilot project”Map →

personSteven Winberg“Assistant Secretary of Fossil Energy, U.S. Department of Energy”Map →

personDaniel M. Evans“Project Manager, Fluor Federal Petroleum Operations”Map →

personFrank Rusco“Director, National Resources and Environment, Government Accountability Office”Map →

personFred Upton“Chairman of the Subcommittee on Energy”Map →

personBobby L. Rush“Ranking Member of the Subcommittee on Energy”Map →

personKevin Book“Managing Director, Clearview Energy Partners, LLC”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy30
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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