Strategic Petroleum Reserve Amendments of 1990

Summary

Energy Policy and Conservation Act Amendments of 1989 - Amends the Energy Policy and Conservation Act to extend from April 1, 1990, through December 31, 1993, authorities relating to domestic energy supply availability. Authorizes the Secretary of Energy to curtail petroleum product acquisition for the Strategic Petroleum Reserve (SPR) for a maximum 30-day period and sell any such product not yet injected into the Reserve if the President finds that a severe regional or national energy supply interruption is imminent. Directs the Secretary to submit monthly and final reports to the Congress during such petroleum diversion periods. Authorizes the Secretary to draw down and distribute the SPR during such periods according to prescribed guidelines. Sets a deadline by which the Secretary must amend the SPR Plan to provide plans for the completion of storage of 1,000,000,000 barrels of petroleum products in the Reserve. Increases from: (1) FY 1989 to 1995 the President's mandate to implement petroleum acquisition and injection activities; and (2) 750,000,000 to 1,000,000,000 the number of barrels of crude oil which must be stored in the SPR. Directs the Secretary to: (1) use funds appropriated for FY 1991 to develop interim storage facilities; and (2) provide that at least five percent of the total petroleum product volume acquired for the SPR each fiscal year is refined petroleum product. Authorizes the Secretary to implement a test drawdown and distribution through the sale or exchange of a maximum of 5,000,000 (currently 1,100,000) barrels of SPR crude oil. Mandates a test drawdown and distribution, except in specified circumstances, using electronic communication devices and services to expedite transmission of documents. Provides that for purposes of establishing regional petroleum reserves any State that is an island shall be considered a separate Federal Energy Administration Region. Directs the Secretary to report to the Congress the results of a study to determine: (1) the feasibility of exporting drawdown SPR crude oil in exchange for either a foreign refined petroleum product or for the purpose of having it refined outside the United States for consumption of the resulting product in the United States; and (2) the feasibility of establishing regional petroleum reserves with Federal and non-Federal funding; (3) the impact of crude oil exports from California and the Alaskan North Slope upon oil prices and the consumer; (4) the extent to which export controls could be expanded under existing law to provide for additional domestic petroleum exports; and (5) the need to waive certain statutory requirements to assure the availability of a sufficient supply of tankers to distribute crude oil from the SPR at the onset of a severe energy supply disruption of imported crude oil.

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Documents

4 official files

• Reported in House (text)

  Reported in House · EN

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• Introduced in House (text)

  Introduced in House · EN

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• Passed House amended

  summary · EN · 16 July 1990

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• Introduced in House

  summary · EN · 4 August 1989

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