A bill to express the Sense of the Congress that the President should drawdown the Strategic Petroleum Reserve in an amount necessary to exert significant downward pressure on the price of gasoline and other petroleum products and should seek international cooperation in that effort, and to increase the authority of the Secretary of Energy to conduct tests relative to the Strategic Petroleum Reserve.

Summary

Expresses the sense of the Congress that the President shall: (1) draw down reserves from the Strategic Petroleum Reserve in an amount necessary to exert significant downward pressure on gasoline and other petroleum prices; and (2) make every effort to coordinate with affected countries the drawdown of oil from their respective strategic petroleum reserves. Amends the Energy Policy and Conservation Act to increase from five million to 15 million the number of barrels which the Secretary of Energy may use for a test drawdown.

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• Introduced in Senate (text)

  Introduced in Senate · EN

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• Introduced in Senate

  summary · EN · 28 September 1990

  Open at official source

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