Last edited by Misar
Thursday, May 7, 2020 | History

4 edition of Leases upon Naval Oil Reserves. found in the catalog.

Leases upon Naval Oil Reserves.

Leases upon Naval Oil Reserves.

hearings before the United States Senate Committee on Public Lands and Surveys, Sixty-Seventh Congress, fourth session and Sixty-Eighth Congress, first session, on Oct. 22-27, 29-31, Nov. 1, 2, 30, Dec. 1, 3-5, 1923

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  • 9 Currently reading

Published by U.S. G.P.O. in Washington .
Written in English

    Subjects:
  • United States. -- Navy,
  • Petroleum reserves -- United States,
  • Oil and gas leases -- United States,
  • Governmental investigations -- United States

  • About the Edition

    General index to Vols. 1-3 is at end of S223-0. Investigation focuses on Secretary of the Interior Albert B. Fall"s leases of the Teapot Dome and Elk Hills, Calif., naval oil reserves

    The Physical Object
    FormatMicroform
    Paginationii, 1223 p.
    Number of Pages1223
    ID Numbers
    Open LibraryOL15286811M

      Ultimately, naval oil reserves would present major issues throughout the s – the Teapot Dome Scandal concerned illegal leases of naval oil reserves, and the dissolution of the Ottoman Empire and the colonial establishments in the Middle East were greatly influenced by the European navies’ demand for oil for their merchant ships and. SubSidizing oil Shale 5 taxpayerS for common SenSe cover the gap, providing a $25 subsidy per barrel. Some estimates have cited $$70 per barrel as a point where oil shale becomes cost-competitive; but even with a range this large, it is difficult to make any assumption without having ever commercially produced oil Size: 2MB.

    GAO provided its views on the Department of Energy's (DOE) recommendation to transfer Naval Oil Shale Reserves (NOSR) 1 and 3 to the Department of the Interior for leasing and surface noted that: (1) the National Defense Authorization Act for Fiscal Year required DOE to retain an independent petroleum expert to conduct a study to determine which of four options, . Oil reserves are an estimate of how much oil can ultimately be recovered. This broad definition is also called oil in place. It includes undiscovered or "yet to find" reserves. It's based on the probability of finding reserves in certain geological areas. It also assumes new types of technology will make it economically feasible to extract the oil.

    The U.S., then, sits atop with its oil reserves. Rystad notes that Texas alone could have 60 billion barrels of oil. Over at Reuters, John Kemp uses the data to take a look at Saudi Arabia, long.   Nine hundred tracts, totaling more than 10 million acres, were up for bid. But at the annual lease sale held today, oil companies bid on only seven tracts. The sale lasted less than 10 minutes.


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Leases upon Naval Oil Reserves Download PDF EPUB FB2

Leases Upon Naval Oil Reserves: Senate Committee Hearings before the Committee on Public Lands and Leases upon Naval Oil Reserves. book, Vol. 3, ; Sinclair v. United States, Supreme Court of the United States, No. October Term, slip opinion, April 8, Get this from a library.

Leases upon naval oil reserves. Hearing[s] before the Committee on Public Lands and Surveys. [United States.

Congress. Senate. Committee on Public Lands and Surveys.]. Leases upon Naval Oil Reserves () by United States Call Number: Online - free - HathiTrust Leases upon Naval Oil Reserves () by United States. The Naval Petroleum Reserves (Reserves) program has controlled oil bearing lands owned by the U.S.

Government[i]. The Reserves acted as a contingency source of fuel for the U.S. military in times of emergency.

Government owned petroleum and oil shale properties were under the Reserves. The Elk Hills Oil Field (formerly the Naval Petroleum Reserve No. 1) is a large oil field in western Kern County, in the Elk Hills of the San Joaquin Valley, California in the United States, about 20 miles (32 km) west of ered inand having a cumulative production of close to billion barrels (, dam 3) of oil at the end ofit is the fifth-largest oil.

NAVAL OIL RESERVES. NAVAL OIL RESERVES. In September Secretary of the Interior R. Ballinger suggested to President William Howard Taft that the United States should maintain naval oil reserves. After the necessary legislation had been passed, Presidents Taft and Wilson permanently withdrew from entry three Naval petroleum reserves—at Elk Hills, California; Buena Vista, California.

This included the Naval Petroleum Reserves 1, 2, and 3 plus the Naval Oil Shale Reserves 1, 2, and 3. The Naval Petroleum Reserve Number 4, on the north slope of Alaska, was added in   The oil reserves at Teapot Dome and in California had been set aside at the request of the U.S.

Navy, which had been converting coal-fueled ships into oil-powered vessels since OCLC Number: Description: xiii, pages 21 cm. Contents: The landslide and its meaningsElection by disgust againFarmers and workers in American politics, by S.A.

RiceBarleycorn's resurrection as a big campaign issueInside the Harding administration, by C.R. ForbesThe true history of Teapot Dome, by T.J. WalshLeases upon naval oil reservesWhy I shall vote for I.

The NPRA was created by President Warren G. Harding in as Naval Petroleum Reserve Number 4 during a time when the United States was converting its Navy to run on oil rather than coal. In the Naval Petroleum Reserves Production Act (NPRPA) renamed the reserve the "National Petroleum Reserve in Alaska" and transferred it from the Navy to the Department of the Interior.

Oil reserves denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil. Hence reserves will change with the price, unlike oil resources, which include all oil that can be technically recovered at any es may be for a well, a reservoir, a field, a nation, or the world.

Starling, Colonel Edmund W., whose book, Starling of the White House, with Thomas Sugrue (New York, ), is not always a reliable source, claims that while he was assigned to the White House Secret Service detail, he acquired a letter from a person in the West warning about an impending scandal over naval oil leases.

He maintains that he Cited by: 4. Oil reserves are estimated quantities of crude that oil companies believe exist in a particular location and can be exploited.

Two accounting methods exist for Author: Chizoba Morah. Teapot Dome Scandal, also called Oil Reserves Scandal or Elk Hills Scandal, in American history, scandal of the early s surrounding the secret leasing of federal oil reserves by the secretary of the interior, Albert Bacon U.S.

Pres. Warren G. Harding transferred supervision of the naval oil-reserve lands from the navy to the Department of the Interior inFall secretly. Policymakers’ recognition of oil as imperative to national defense -- namely, its use as fuel for a petroleum-powered Naval fleet -- led to the creation of the Naval Petroleum and Oil Shale Reserve (the Reserves) in The Reserves were meant to insulate the United States from foreign dependency on oil during times of war.

To ensure sufficient fuel for the fleet, the Government began withdrawing probable oil-bearing lands from the public domain. Between andtracts in California, Utah, and Wyoming were set aside that became the Naval Petroleum and Oil Shale Reserves - the oldest component of.

For much of the 20th century, the Naval Petroleum and Oil Shale Reserves served as a contingency source of fuel for the Nation's military.

All that changed in when Naval Petroleum Reserve No. 1, known as Elk Hills, was privatized, the first of a series of major organizational changes that leave only one of the original six Federal properties in the program. Committee onPublic Lands andSurveys, Leases Upon Naval Oil Reserves (); Ibid., Leases Upon Naval Oil Reserves, Activities ofthe Continental Trading Company of Canada ().

National Petroleum Reserve in Alaska. Formerly known as Naval Petroleum Reserve No. 4, the National Petroleum Reserve in Alaska (NPR-A) is now a vast ~million-acre area on Alaska's North Slope.

Inmindful of the land's conceivable petroleum value, President Harding set aside this area as an emergency oil supply for the U.S. Navy. Naval Oil-Shale Reserve No. 2 and Peters Point gas field TABLES Page TABLE 1.

Estimated tonnage and potential oil yield of oil shale in and adjacent to the Mahogany oil-shale bed in Naval Oil- Shale Reserve No.

Estimated tonnage and potential oil yield of the richestCited by: 1. U.S. oil shale reserves are massive but the process of oil extraction is too complex, but this problem may be solved by Royal Dutch Shell's new technology called : Dan Denning.upon all the several claims upon which such leases were based or issued, all in said naval reserves.

Resolved further, That the Committee on public Lands and Surveys be authorized to investigate this entire subject of leases upon naval oil reserves, with particular referenceFile Size: 98KB. Booking Oil Reserves Is An "Attractive Incentive" For Foreign Companies In Mexico, Says U.S.

will be allowed to book oil and gas reserves for financial reporting purposes, though the.