Does Fiscal Year 1995 Budget Hearing Before the Subcommittee On Energy And Po
Does Fiscal Year 1995 Budget Hearing Before the Subcommittee On Energy And Po
United States Congress House Committee On Energ
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Geothermal Energy can cost 4. 15 cents per kWh by 2000 with the added potential of exporting $2 to $3 billion in technology to developing countries. The fiscal year 1995 budget request of $244 million for Strategic Petroleum Re- serve continues operating and maintenance activities at a prudent, responsible level to assure a cost effective capability to respond to a Presidential order to draw down the Reserve. The inventory by the end of fiscal year 1994 is projected to be 591. 6 million barrels.... The fiscal year 1995 budget proposes to suspend oil acquisition ac- tivities as one of the administration's saving initiatives. Actions to resolve problems associated with elevated oil temperatures and higher than, normal gas content in some of the Crude oil will continue. The fiscal year 1995 budget request also contin- ues the comprehensive Life Extension Program to extend the useful life of critical facilities ana systems to the year 2025 by streamlining existing operating systems and using advanced systems technology to improve reliability while reducing life cycle costs.
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