Examples of Strategic Petroleum Reserve in a sentence
IN GENERAL.—The Secretary shall, as expeditiously as practicable, without incurring excessive cost or appreciably affecting the price of petroleum products to consumers, acquire petroleum in quantities sufficient to fill the Strategic Petroleum Reserve to the 1,000,000,000-barrel capacity authorized under section 154(a) of the Energy Policy and Conservation Act (42 U.S.C. 6234(a)), in accordance with the sections 159 and 160 of that Act (42 U.S.C. 6239, 6240).
SITE SELECTION.Not later than 1 year after the date of enactment of this Act, the Secretary shall complete a proceeding to select, from sites that the Secretary has previously studied, sites necessary to enable acquisition by the Secretary of the full authorized volume of the Strategic Petroleum Reserve.
Currently, Oak Ridge Office, Office of Scientific and Technical Information (OSTI), Strategic Petroleum Reserve Office (SPRO), Savannah River Site, Environmental Management Consolidated Business Center (Ohio), Idaho Office, Richland Office/Office of River Protection, and Golden Field Office utilize the BEARS application.
It followed legislation such as H.R. 2880 (110th Congress, not enacted); P.L. 111-85 that prohibited the use of U.S. funds to fill the Strategic Petroleum Reserve with products from firms that sell gasoline to Iran; and P.L. 111-117 that denies Ex-Im Bank credits to any firm that sold gasoline or related equipment and services to Iran.
The expected numbers of cancers were derived by applying (on an age, sex, race and calendar years specific basis) the rates of cancer in California to the population at risk in the census tract.
Drawdown and sale of petroleum products from the Strategic Petroleum Reserve may not be made unless the President has found draw- down and sale are required by a severe energy supply interruption or by obligations of the United States under the international energy program.
The term ‘‘offering’’ means a solicitation for bids for a quantity or quantities of petro- leum product from the Strategic Petroleum Reserve as specified in the notice of sale.
The Secretary shall sell petroleum prod- ucts withdrawn from the Strategic Petroleum Reserve at public sale to the highest qualified bidder in the amounts, for the period, and after a notice of sale considered appropriate by the Secretary, and without regard to Federal, State, or local regulations controlling sales of petro- leum products.
Notwithstanding any other provision of this subchapter, the Secretary, by lease or other- wise, for any term and under such other condi- tions as the Secretary considers necessary or ap- propriate, may store in underutilized Strategic Petroleum Reserve facilities petroleum product 1 owned by a foreign government or its represent- ative.
For additional information about congressionally required SPR oil sales, see Strategic Petroleum Reserve: Mandated and Modernization Sales, by Phillip Brown, a congressional distribution memo available to congressional clients by request from the author.