TOTAL NUMBER OF UTILITIES WITH A POSITIVE DELIVERY = 103 TOTAL NUMBER OF UTILITIES SHOWING SUPPLIERS = 119 TOTAL DELIVERY IN BARRELS CALL UTILITIES) = 37,492,973 [FR Doc.74-4783 Filed 2-25-74;4:26 pm] 43-187 - 75 - 12 Mandatory Allocation Summary Supersede Mandatory Petroleum Allocation Summary Released January 15, 1974 NOTE: This is a summary of 1. INTRODUCTION The Emergency Petroleum Allocation Act of 1973, signed by the President on November 27, 1973, provides for the mandatory allocation of crude oil, residual fuel oil and certain refined petroleum products manufactured in or imported into the United States. Products excluded from the allocation program include paraffin wax, petroleum coke, asphalt, road oil, refinery gases, and natural gas. Further, the first sale of domestic crude petroleum and petroleum condensates produced from any stripper well lease is also excluded. It is intended that all regions and economic sectors receive equitable shares of available fuels and petroleum products through the allocation processes which are applied primarily at wholesale supply levels. Accordingly, neither the Emergency Petroleum Allocation Act of 1973 nor the regulations issued pursuant to that Act specify rationing to end-users. Instead, they require all suppliers of allocable substances to distribute available products equitably to end-users in accordance with the objectives of the Act. The aims of the allocation program rules and regulations are to provide for: protection of public health, safety, and welfare; maintenance of public services, agricultural operations, and national defense; preservation of an economically sound and competitive petroleum industry; efficient economic processes; minimization of economic impact, and the allocation of crude oil to permit domes tic refineries to operate at optimum capacity. Allocation systems have been established which prescribe the relationship between suppliers and wholesale purchasers so that a redirection of products can occur. Further usage rules, determination of allowances, and certification of needs to supppliers have been established. The allocation regulations establish actions which are to be taken by the industry. The government's involvement is primarily to oversee the industry's implementation of the regulations, acting to redress regional supply imbalances when they occur, and periodically auditing crude oil and product supplies. The government also acts in specified petitions for assignments or adjustments as well as on exception requests and complaints. |