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State and local energy policies typically relate to efficiency standards and/or transportation. [2] Federal energy policies since the 1973 oil crisis have been criticized for having an alleged crisis-mentality, promoting expensive quick fixes and single-shot solutions that ignore market and technology realities. [3] [4]
The EPCA declared it to be U.S. policy to establish a reserve of petroleum, setting the Strategic Petroleum Reserve (SPR) into motion, and extended the Emergency Petroleum Allocation Act of 1973 (EPAA). A number of existing storage sites were acquired in 1977. Construction of the first surface facilities began in June 1977.
The bill – Legislative Instrument (LI) 2204 – seeks to “promote the maximisation of value-addition and job creation through the use of local expertise, goods and services, business and financing in the petroleum industry value chain and their retention in the country; develop local capacities in the petroleum industry value chain through education, skills transfer and expertise ...
The council was established in 1946 at the request of President Harry S. Truman to represent industry views on any matters relating to oil and natural gas. In 1977, its role was transferred to the new Department of Energy, and the council is now formally chartered as Federal Advisory Committee with private funding.
The petroleum fiscal regime of a country is a set of laws, regulations and agreements which governs the economical benefits derived from petroleum exploration and production. The regime regulates transactions between the political entity and the legal entities involved. [ 1 ]
A new National Fuel Efficiency Policy that will apply to cars from model years 2012-2016 and will ultimately require cars to have an average fuel efficiency of 35.5 mpg by 2016, [8] Three measures to increase the production of biofuels: a renewable fuels standard, biomass crop assistance program, and a biofuels working group.
In the United States, oil and gas rights to a particular parcel may be owned by private individuals, corporations, Indian tribes, or by local, state, or federal governments. Oil and gas rights extend vertically downward from the property line. Unless explicitly separated by a deed, oil and gas rights are owned by the surface landowner.
The Petroleum (Transfer of Licences) Act 1936 (26 Geo. 5 & 1 Edw. 8. c. 27) is an act of the Parliament of the United Kingdom which empowered local authorities, that had granted licences to keep petroleum spirit, to transfer a licence to another person or persons. The Petroleum (Transfer of Licences) Act (Northern Ireland) 1937 (1 Edw. 8 & 1 ...