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.