Pursuant to 5
CFR 1320 and the Paperwork Reduction Act, OMB approves this
collection for one year. This approval is less than the usual three
year approval because OMB has questions about the practical utility
of the weekly reporting requirement. Due to the normal variation in
production runs, crude supply, etc. the weekly figures are highly
volitile and thus may not be useful for policy making. The fact
that the Weekly Petroleum Status Report has a limited circulation
reinforces our concern. ' Before resubmitting this ICR to OMB, EIA
should review the existing requirements to determine whether a
different reporting frequency is appropriate (e.g., bi-weekly or
monthly). As part of this review, EIA should demonstrate how the
Weekly Petroleum Status Report has actually been used in the
past.
Inventory as of this Action
Requested
Previously Approved
11/30/1989
11/30/1989
01/31/1989
48,000
0
53,638
55,760
0
62,850
0
0
0
THE PETROLEUM SUPPLY REPORTING SYSTEM
COLLECTS INFORMATION NEEDED FOR DETERMINING THE SUPPLY AND
DISPOSITION OF CRUDE PETROLEUM, PETROLEUM PRODUCTS, AND NATURAL GAS
LIQUIDS. THESE DATA ARE PUBLISHED BY THE EIA. RESPONDENTS ARE
OPERATORS OF PETROLEUM REFINING FACILITIES, BLENDING PLANTS, BULK
TERMINALS, CRUDE OIL AND PRODUCT PIPELINES,
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.