of the ceiling price rules on crude oil production. This would remove from producers the present recordkeeping and other burdens attendant to compliance with these regulations. It could also This new system is conceptually compatible with a Crude Oil Equalization Tax (COET). However the method for calculating the tax on each barrel under the version of COET approved by the House of Representatives relies on the existence of ceiling prices, which the new pricing system would seek to supplant. If Congress approves the COET in its current form, DOE could (a) forego this new pricing system, (b) implement it but retain ceiling prices at relevant levels, or (c) seek a legislative amendment to the COET calculation mechanism. There would be time, during the COET phase-in years, to secure the measures necessary for the latter course. Should the Congress adopt the President's version of the COET, which calculated the tax on refiner acquisition costs rather Is there a process by which ERA can compromise DOE has taken the position that it has statutory steps to ensure that this authority can be used 5. Q. Do you need additional statutory authority to A. DOE's present legal and administrative authorities not believe that additional legislation is necessary. would insulate embargo period violations before audits of the major refiners and other large firms have been completed would be premature. 6. Q. A. When DOE prepares a reporting form with which to The Energy Information Administration takes the fol- O Consults the subject matter index of the annual General Accounting Office (GAO) publication "Fed- These agencies Distributes copies of proposed data collection Consults with the Office of Management and Budget DOE takes measures to minimize reporting burden on о Provides copies of proposed data collection surveys that may effect small business to the DOE Office of Small Lusiness for review and comment. Also, copies are forwarded to external groups as discussed above. Appropriate action is then taken. Limits, where possible, the number of small compan ies required to fill out any survey by sampling the universe of those smaller companies rather than requiring all of them to report. Applies criteria to protect small business from reporting burden by the OMB administered President's Reporting Burden Reduction Program and by exercising DOE's Regulatory Reform Task Force initiatives. |