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Strategic Petroleum Reserve: Options to Improve the Cost-Effectiveness of Filling the Reserve

Congressional Testimony

The Strategic Petroleum Reserve (SPR) was created in 1975 to help insulate the U.S. economy from oil supply disruptions and currently holds about 700 million barrels of crude oil. The Energy Policy Act of 2005 directed the Dept. of Energy (DoE) to increase the SPR storage capacity from 727 million barrels to 1 billion barrels, which it plans to accomplish by 2018. Since 1999, oil for the SPR has generally been obtained through the royalty-in-kind program, whereby the gov¿t. receives oil instead of cash for payment of royalties on leases of fed. property. This testimony focuses on: (1) factor that DoE should consider when filling the SPR; and (2) the cost-effectiveness of using oil received through the royalty-in-kind program to fill the SPR.

Importantly, the royalty-in-kind effort to fill the SPR creates, essentially, a “blind
spot” where neither DOE nor Interior, the two agencies responsible for running
the joint program, systematically examines whether exchanges of millions of
barrels of royalty oil have been a cost-effective approach to filling the reserve.
DOE does conduct a prospective analysis to estimate whether the value of the oil
it will receive in the exchanges will be at least as valuable as the royalty oil it will
exchange.

The Fiscal Smile: The Effectiveness and Limits of Fiscal Stabilizers (EPub)

We study the smoothing impact of fiscal stabilizers (proxied by government expenditures or revenues) on business cycle volatility for a panel of EU countries in the period 1970-99. The results show that the business cycle volatility smoothing effect of fiscal stabilizers may revert at high levels. We present evidence that for government expenditure ratios exceeding an estimated value of about 38 percent, a further expansion in the size of the government could actually lead to an increase in cyclical volatility. This may call for a reconsideration of the use of fiscal stabilizers for business cycle smoothing.

We study the smoothing impact of fiscal stabilizers (proxied by government expenditures or revenues) on business cycle volatility for a panel of EU countries in the period 1970-99.

Enhancing the Effectiveness of Sustainability Partnerships:

Summary of a Workshop

Sustainable development--meeting human needs while nurturing and restoring the planet's life support systems--requires a continuous process of scientific innovation, new knowledge and learning, and collaborative approaches to implementing technologies and policies. To address these challenges, different stakeholder groups are increasingly seeking to ally themselves through partnership, in order to implement projects, deliver services, establish secure funding mechanisms, and achieve on the ground results. Advocates of this collaborative approach point to the failure of governmental regulations, international commitments, or business as usual. However, skeptics often question the effectiveness of partnerships at achieving sustainable development goals and, in the absence of demonstrated results, wonder where partnerships are adding value. A symposium held in June 2008 and summarized in this volume, attempted to advance the dialogue on partnerships for sustainability in order to catalyze existing knowledge and inform future efforts. Ideas that came out of discussions at the symposium will help leaders in government, the private sector, foundations and NGOs, and universities, both in the United States and internationally, as they develop and participate in new partnerships for sustainability.

Accessible Bathroom - MisumiwaDesign

Documentation of a modern design/build renovation of a bathroom suite for a retired music teacher by the design company misumiwaDesign. Includes full-color illustrations of design sketches and drawings as well as demolition, construction, and in-use photographs.

Documentation of a modern design/build renovation of a bathroom suite for a retired music teacher by the design company misumiwaDesign.

Peraturan Menteri Negara Lingkungan Hidup nomor 07 tahun 2009 tentang ambang batas kebisingan kendaraan bermotor tipe baru

Indonesian State Minister for the Environment regulation on noise limit for new type of motor vehicles.

Indonesian State Minister for the Environment regulation on noise limit for new type of motor vehicles.

Decisiones Rotae Bononiae Ludovico Postio Perusino jam in eadem Rota auditore auctore. Cum indice causarum, seu titulorum decisionum, earumque argumentorum, & summario locupletissimo. Opera Francisci Iovii i.c. Perusini ..

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Pengantar Hukum WTO (World Trade Organization)

Konfigurasi kekuasaan elit lokal

dinamika ulama, jawara, dan pengusaha di Kota Cilegon : masa Orde Baru, masa transisi, dan pasca 2000