National Fuel Reserves and Fuel Policy: Hearings ....

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Page 122 - The estimates made for this report by your committee do not include: 1. Oil ' under the unproved portions of partly developed fields. 2. Oil in untested prospects. 3. Oil that may be present in unknown prospects in regions believed to be generally favorable.
Page 101 - An act to provide internal revenue to support the Government and to pay interest on the public debt,
Page 4 - For the purposes of this resolution the committee, or any duly authorized subcommittee thereof, is authorized to hold such hearings, to sit and act at such times and places during the sessions, recesses, and adjourned periods of the...
Page 4 - ... to take such testimony, and to make such expenditures, as it deems advisable. The cost of stenographic services to report such hearings shall not be in excess of 25 cents per hundred words. The expenses of the committee, which shall not exceed $30,000, shall be paid from the contingent fund of the Senate upon vouchers approved by the chairman of the committee or the chairman of any duly authorized subcommittee thereof.
Page 4 - ... and (3) with the prior consent of the heads of the departments or agencies concerned, and the Committee on Rules and Administration, to utilize the reimbursable services, information, facilities, and personnel of any of the departments or agencies of the Government.
Page 122 - The estimates made for this report do not include: (1) Oil* under the unproved portions of partly developed fields. (2) Oil in untested prospects. (3) Oil that may be present in unknown prospects in regions believed to be generally favorable. (4) Oil that may become available by secondary-recovery methods from fields where such methods have not yet been applied.
Page 123 - ... inclusive. Figures for 1935 and 1936, which were the first developed by the committee, are not available separately. As in the past, this committee wishes to emphasize the fact that every effort has again been made to secure a fair, unprejudiced, and representative opinion. Each member in his district appointed a number of subcommittees to gather and study the necessary data.
Page 122 - do not include (1) oil under the unproven portions of partly developed fields; (2) oil in untested prospects; (3) oil that may be present in unknown prospects in regions believed to be generally favorable; (4) oil that may become available by fluid injection methods from fields where such methods have not yet been applied; (5) oil that may become available through chemical processing of natural gas; (6) oil that can be made from oil shale, coal or other substitute sources.
Page 129 - For purposes of developing these reserve estimates, natural gas liquids are defined as those hydrocarbon liquids that are gaseous in the reservoir but are obtainable by condensation or absorption. Natural gasoline, condensate, and liquefied petroleum gases fall in this category. In order to prevent misunderstanding of this term it is further amplified as follows: the natural gas liquids are those heavier hydrocarbon components of the natural gas which may be removed and reduced to the liquid state...
Page 4 - ... suggestions. Among a number of proposals about how the committee should operate, Chapman's carried the day.100 The committee proceeded to carry out the stipulations of Senate Resolution 239, passed March 15, 1950, to (1) make a full and complete investigation and study of the available fuel reserves in the United States and the present and probable future rates of consumption thereof; (2) to formulate a national fuel policy to meet the needs of the United States in times of peace and war...

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