Amendments
2000—[Pub. L. 106–469] amended section generally. Prior to amendment, section required the Secretary to report to the President and to Congress, not later than one year after the transmittal of the Strategic Petroleum Reserve Plan to the Congress and each year thereafter, on all actions taken to implement this part.
1995—[Pub. L. 104–66] struck out subsec. (a) designation before “The Secretary shall”, and struck out subsec. (b) which directed Secretary to report to Congress on activities undertaken with respect to Strategic Petroleum Reserve under the amendments made by Strategic Petroleum Reserve Amendments Act of 1981.
1986—Subsec. (a)(1). [Pub. L. 99–509] amended par. (1) generally, inserting “, including” in introductory text and adding subpars. (A) to (G).
1981—[Pub. L. 97–35] designated existing provisions as subsec. (a) and added subsec. (b).
1978—[Pub. L. 95–619] substituted “Secretary” for “Administrator”, meaning Administrator of the Federal Energy Administration, wherever appearing.
Reports to Congress on Petroleum Supply Interruptions
[Pub. L. 97–229, § 6], Aug. 3, 1982, [96 Stat. 253], provided that:“(a)
Impact Analysis.—
(1)
The Secretary of Energy shall analyze the impact on the domestic economy and on consumers in the United States of reliance on market allocation and pricing during any substantial reduction in the amount of petroleum products available to the United States. In making such analysis, the Secretary of Energy may consult with the Secretary of the Treasury, the Secretary of Agriculture, the Director of the Office of Management and Budget, and the heads of other appropriate Federal agencies. Such analysis shall—
“(A)
examine the equity and efficiency of such reliance,
“(B)
distinguish between the impacts of such reliance on various categories of business (including small business and agriculture) and on households of different income levels,
“(C)
specify the nature and administration of monetary and fiscal policies that would be followed including emergency tax cuts, emergency block grants, and emergency supplements to income maintenance programs, and
“(D)
describe the likely impact on the distribution of petroleum products of State and local laws and regulations (including emergency authorities) affecting the distribution of petroleum products.
Such analysis shall include projections of the effect of the petroleum supply reduction on the price of motor gasoline, home heating oil, and diesel fuel, and on Federal tax revenues, Federal royalty receipts, and State and local tax revenues.
“(2)
Within one year after the date of the enactment of this Act [Aug. 3, 1982], the Secretary of Energy shall submit a report to the Congress and the President containing the analysis required by this subsection, including a detailed step-by-step description of the procedures by which the policies specified in paragraph (1)(C) would be accomplished in an emergency, along with such recommendations as the Secretary of Energy deems appropriate.
“(b)
Strategic Petroleum Reserve Drawdown and Distribution Report.—
The President shall prepare and transmit to the Congress, at the time he transmits the drawdown plan pursuant to section 4(c) [
[section 4(c) of Pub. L. 97–229], set out as a note under
42 U.S.C. 6234], a report containing—
“(1)
a description of the foreseeable situations (including selective and general embargoes, sabotage, war, act of God, or accident) which could result in a severe energy supply interruption or obligations of the United States arising under the international energy program necessitating distributions from the Strategic Petroleum Reserve, and
“(2)
a description of the strategy or alternative strategies of distribution which could reasonably be used to respond to each situation described under paragraph (1), together with the theory and justification underlying each such strategy.
The description of each strategy under paragraph (2) shall include an explanation of the methods which would likely be used to determine the price and distribution of petroleum products from the Reserve in any such distribution, and an explanation of the disposition of revenues arising from sales of any such petroleum products under the strategy.
“(c)
Regional Reserve Report.—
The President or his delegate shall submit to the Congress no later than
December 31, 1982, a report regarding the actions taken to comply with the provisions of section 157 of the Energy Policy and Conservation Act (
42 U.S.C. 6237). Such report shall include an analysis of the economic benefits and costs of establishing Regional Petroleum Reserves, including—
“(1)
an assessment of the ability to transport petroleum products to refiners, distributors, and end users within the regions specified in section 157(a) of such Act;
“(2)
the comparative costs of creating and operating Regional Petroleum Reserves for such regions as compared to the costs of continuing current plans for the Strategic Petroleum Reserve; and
“(3)
a list of potential sites for Regional Petroleum Reserves.
“(d)
Strategic Alcohol Fuel Reserve Report.—
The Secretary of Energy shall, in consultation with the Secretary of Agriculture, prepare and transmit to the Congress no later than December 31, 1982, a study of the potential for establishing a Strategic Alcohol Fuel Reserve.
“(e)
Meaning of Terms.—
As used in this section, the terms ‘international energy program’, ‘petroleum product’, ‘Reserve’, ‘severe energy supply interruption’, and ‘Strategic Petroleum Reserve’ have the meanings given such terms in sections 3 and 152 of the Energy Policy and Conservation Act (
42 U.S.C. 6202 and 6232).”