FUNDING TRANSPORTATION ENERGY CONSERVATION PROGRAMS WITH OIL OVERCHARGE SETTLEMENTS

Since 1986 states have been receiving restitution funds from oil coompanies and crude oil producers found to have overpriced or miscertified federally controlled crude oil to avoid price restrictions between 1975 and 1981. As of March 31, 1989, the states had more than $3.7 billion available for expenditure, including earned interest, and had received federal approval to spend about $2.2 billion (63%). These funds have been earmarked for a wide range of energy conservation programs in residential and commercial structures, industry, and transportation. Because there have been several court judgments and because of the complexities of the project approval process, it is not clear how much oil overcharge money is being used to support transportation energy conservation projects. However, available data suggest that the transportation sector is receiving less than 12% of these funds. In 1988, transportation accounted for more than 63% of U.S. oil use. Within the guidelines of the court settlements, a variety of transportation energy conservation programs are eligible for funding with oil overcharge funds. The U.S. Department of Energy's administration of oil overcharge funds is discussed and the kinds of projects that state and local officials should consider in successfully developing a conservation program are illustrated.

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• Record URL:
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• Supplemental Notes:
  • This paper appears in Transportation Research Record No. 1267, Global Warming: Transportation and Energy Considerations 1990. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved
• Authors:
  • Mintz, Marianne Millar
  • Zerega, Anne Marie
• Publication Date: 1990

Media Info

• Features: Figures; References; Tables;
• Pagination: p. 56-69
• Monograph Title: Global warming: transportation and energy considerations 1990
• Serial:
  • Transportation Research Record
  • Issue Number: 1267
  • Publisher: Transportation Research Board
  • ISSN: 0361-1981

Subject/Index Terms

• TRT Terms: Administration; Energy conservation; Finance; Financing; Transportation
• Identifier Terms: U.S. Department of Energy
• Old TRIS Terms: Oil overcharge funds
• Subject Areas: Energy; Finance; Transportation (General); I10: Economics and Administration;

Filing Info

• Accession Number: 00601504
• Record Type: Publication
• ISBN: 0309050170
• Files: TRIS, TRB
• Created Date: Nov 30 1990 12:00AM