To authorize the use of Strategic Petroleum Reserve capacity above 700,000,000 barrels to address sustained petroleum product price increases.

Summary

Amends the Energy Policy and Conservation Act to authorize the Secretary of Energy to draw down and sell petroleum products from the Strategic Petroleum Reserve (SPR) to address sustained petroleum product price increases in the United States that could have an adverse impact on the Nation's economy, regardless of whether there has been a supply interruption or shortage. Prohibits the Secretary from reducing the capacity of the SPR to less than 700 million barrels of petroleum product.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 October 2004

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• Introduced in House (PDF)

  Introduced in House · EN · 7 October 2004

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• Introduced in House

  summary · EN · 7 October 2004

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