[Federal Register: September 7, 2004 (Volume 69, Number 172)]
[Notices]
[Page 54139-54140]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr07se04-50]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF ENERGY
Energy Information Administration
Policy Statement; Energy Information Administration Policy for
Disseminating Revisions to Petroleum Supply Reporting System Data
AGENCY: Energy Information Administration (EIA), Department of Energy
(DOE).
ACTION: Policy statement: Energy Information Administration policy for
disseminating revisions to Petroleum Supply Reporting System data.
-----------------------------------------------------------------------
SUMMARY: The EIA has formalized its existing policy for disseminating
revisions to Petroleum Supply Reporting System (PSRS) data. PSRS
information products include data on production, receipts, inputs,
movements, and stocks of crude oil, petroleum products, and natural gas
liquids in the United States.
DATES: This policy becomes effective on September 7, 2004.
ADDRESS: Requests for information or questions about this policy should
be directed to Ms. Stefanie Palumbo of EIA's Petroleum Division. Ms.
Palumbo may be contacted by phone (202-586-6866), FAX (202-586-5846),
or e-mail (stefanie.palumbo@eia.doe.gov). Her mailing address is
Petroleum Division, EI-42, Forrestal Building, U.S. Department of
Energy, 1000 Independence Ave., SW., Washington, DC 20585.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
about this policy should be directed to Ms. Palumbo at the address
listed above. Information on EIA's petroleum supply program is
available on EIA's Internet site at http://www.eia.doe.gov/oil_gas/petroleum/info_glance/petroleum.html
.
SUPPLEMENTARY INFORMATION:
I. Background
II. Discussion of Comments
III. Current Actions
I. Background
The Federal Energy Administration Act of 1974 (Pub. L. No. 93-275,
15 U.S.C. 761 et seq.) and the DOE Organization Act (Pub. L. No. 95-91,
42 U.S.C. 7101 et seq.) require the EIA to carry out a centralized,
comprehensive, and unified energy information program. This program
collects, evaluates, assembles, analyzes, and disseminates information
on energy resource reserves, production, demand, technology, and
related economic and statistical information. This information is used
to assess the adequacy of energy
[[Page 54140]]
resources to meet near and longer term domestic demands.
The purpose of EIA's Petroleum Supply Reporting System (PSRS) is to
collect and disseminate basic and detailed data to meet EIA's mandates
and energy data users' needs for credible, reliable, and timely
information on U.S. petroleum supply. Adequate understanding of the
U.S. petroleum industry requires data on production, receipts, inputs,
movements, and stocks of crude oil, petroleum products, and natural gas
liquids.
The PSRS is currently comprised of 16 surveys (i.e., six weekly
surveys, nine monthly surveys, and one annual survey). The surveys are:
EIA-800, Weekly Refinery and Fractionator Report,
EIA-801, Weekly Bulk Terminal Report,
EIA-802, Weekly Product Pipeline Report,
EIA-803, Weekly Crude Oil Stocks Report,
EIA-804, Weekly Imports Report,
EIA-805, Weekly Terminal Blenders Report,
EIA-810, Monthly Refinery Report,
EIA-811, Monthly Bulk Terminal Report,
EIA-812, Monthly Product Pipeline Report,
EIA-813, Monthly Crude Oil Report,
EIA-814, Monthly Imports Report,
EIA-815, Monthly Terminal Blenders Report,
EIA-816, Monthly Natural Gas Liquids Report,
EIA-817, Monthly Tanker and Barge Movement Report,
EIA-819, Monthly Oxygenate Report, and
EIA-820 Annual Refinery Report.
The data are disseminated in EIA's petroleum supply information
products--the Weekly Petroleum Status Report (WPSR), This Week in
Petroleum (TWIP), the Petroleum Supply Monthly (PSM), and the Petroleum
Supply Annual Volumes 1 and 2 (PSA). Within five days of the close of
the reference week (excluding holiday weeks), weekly PSRS data are
disseminated in the WPSR and TWIP to provide timely, relevant snapshots
of the U.S. petroleum industry. Within two months of the close of a
reference month, data based on the monthly surveys is disseminated in
the PSM. About five months after the end of the reference year, final
monthly data as well as annual data are published in the PSA.
The EIA provides the public and other Federal agencies with
opportunities to comment on collections of energy information conducted
by EIA. As appropriate, EIA also requests comments on important issues
relevant to its dissemination of energy information. Comments received
help the EIA when preparing information collections and information
products necessary to EIA's mission.
On July 9, 2004, EIA issued a Federal Register notice (69 FR 41461)
requesting public comments on the policy for disseminating revisions to
PSRS data. In that notice, EIA discussed conditions affecting the
accuracy of PSRS data, reasons for revisions to PSRS data, and the
existing policy for disseminating PSRS data. That policy has been in
effect for over ten years.
II. Discussion of Comments
In response to the Federal Register notice requesting comments on
the PSRS revision policy, EIA received comments from one company. While
the company expressed agreement with the policy for disseminating
revisions to PSRS data, it did address the situation where a company
resubmits revised data to EIA. The company requested that EIA staff
should review resubmitted data before conducting follow-up on the
originally submitted data. PSRS survey staff have been reminded to
consider all information submitted by a company before conducting
follow-up.
III. Current Actions
EIA is formally stating its policy for disseminating revisions to
PSRS data. This policy has been in effect for over ten years.
With respect to the weekly PSRS data, EIA will only disseminate
revised data if the revision is expected to substantively affect
understanding of the U.S. petroleum supply. Whether to disseminate a
revision to weekly data will be based on EIA's judgment of the
revision's expected effect. A revision will be disseminated in the next
regularly scheduled release of the weekly products. Weekly PSRS data
have been revised on average only once every five years.
The monthly PSRS data reflect EIA's official data on petroleum
supply and are considered to be more accurate than the weekly data
because they are generally based upon company accounting records
instead of company estimates and EIA has more time to edit and correct
anomalous data. With respect to the monthly PSRS data, EIA will only
disseminate revised data during the year if the revision is expected to
substantively affect understanding of the U.S. petroleum supply.
Whether to disseminate a revision during the year will be based on
EIA's judgment of the revision's expected effect. At the end of year,
the monthly data are revised to reflect all resubmitted data received
during the year. These official final monthly petroleum supply data are
included in the PSA. To assist users in understanding the expected
effect of revisions to monthly data during the year, EIA publishes a
separate monthly table, Impact of Resubmissions on Major Series, in
each release of the PSM. During the last 10 years, EIA has not
published revised monthly data outside this scheduled policy.
The PSA reflects EIA's final data on petroleum supply and will only
be revised if, in EIA's judgment, a revision is expected to
substantively affect understanding of the U.S. petroleum supply. EIA
has not revised PSA data during the last 10 years.
When EIA disseminates any revised PSRS data, it will alert users to
the affected data value(s) that are revised.
EIA reserves the right to revisit or amend this policy. However,
EIA shall not establish a new PSRS revision policy without prior
notification in the Federal Register.
Statutory Authority: Section 52 of the Federal Energy
Administration Act (Pub. L. 93-275, 15 U.S.C. 790a).
Issued in Washington, DC, on August 31, 2004.
Guy F. Caruso,
Administrator, Energy Information Administration.
[FR Doc. 04-20225 Filed 9-3-04; 8:45 am]
BILLING CODE 6450-01-P