today's posted documents
- U.S.-China Relations: Policy Issues -- Click to view this document
- FBI Director: Appointment and Tenure -- Click to view this document
- Legislative Branch Agency Appointments: History, Processes, and Recent Proposals -- Click to view this document
- Recess Appointments Made by President Barack Obama -- Click to view this document
- Legislative Options for Financing Water Infrastructure -- Click to view this document
- Offender Reentry: Correctional Statistics, Reintegration into the Community, and Recidivism -- Click to view this document
- Coast Guard Polar Icebreaker Modernization: Background and Issues for Congress -- Click to view this document
- Franking Privilege: An Analysis of Member Mass Mailings in the House, 1997-2012 -- Click to view this document
- Iraq: Politics, Governance, and Human Rights -- Click to view this document
- Moldova: Background and U.S. Policy -- Click to view this document
- Unmanned Aerial Vehicles - Benefits to the Warfighter -- Click to view this document
- Uninhabited combat aerial vehicles in 2015: providing utility across the spectrum -- Click to view this document
- TASK FORCE REPORT: Resilient Military Systems and the Advanced Cyber Threat -- Click to view this document
- Progress in Advanced Spectral Analysis of Radioxenon -- Click to view this document
- Munitions Detection Using Unmanned Underwater Vehicles Equipped with Advanced Sensors -- Click to view this document
- Medium and High Altitude Unmanned Aircraft System Acquisition: An Efficiency Study of Magnitude and Capability -- Click to view this document
- Flying Green: Environmental Advances in General Aviation -- Click to view this document
- Buy, Build, or Steal: China’s Quest for Advanced Military Aviation Technologies -- Click to view this document
- Advanced Space Based Detectors -- Click to view this document
For Power Users
FULL TEXT CRS DOCUMENTS
Find documents
The Strategic Petroleum Reserve: Authorization, Operation, and Drawdown Policy
Congress authorized the Strategic Petroleum Reserve (SPR) in the Energy Policy and Conservation Act (EPCA) of 1975 to help prevent a repetition of the economic disruption caused by the 1973-1974 Arab oil embargo. EPCA specifically authorizes the President to draw down the SPR upon a finding that there is a "severe energy supply interruption." The meaning of a "severe energy supply interruption" has been controversial. The authors of EPCA intended the SPR only to ameliorate discernible physical shortages of crude oil. Historically, increasing crude oil prices typically signal market concerns for supply availability. However, Congress deliberately kept price trigger considerations out of the President's SPR drawdown authority because of the question about what price level should trigger a drawdown, and the concern that a price threshold could influence market behavior and industry inventory practices. As a member of the International Energy Agency─a coalition of 28 countries─the United States agrees to support energy supply security through energy policy cooperation, commit to maintaining emergency reserves equal to 90 days of net petroleum oil imports, develop programs for demand restraint in the event of emergencies, and participate in allocation of oil deliveries among the signatory nations to balance a shortage.
This package includes following files:
| # | File Name | Document Date | Order ID: | Number of Pages | Price | |
|---|---|---|---|---|---|---|
| 1 |
R42460.pdf
|
Jun 18, 2012 | R42460 | 19 | $29.95 | Add to Cart |
Older Versions: