Energy Policy And Conservation Act

The Energy policy and Conservation Act declared it to be U.S. policy to establish a reserve of up to 1 billion barrels of Petroleum. President Gerald Ford signed the legislation on December 22, 1975, setting the Strategic Petroleum Reserve into motion.

The need for a national oil storage reserve had been recognized for at least five decades. Secretary of the Interior Harold L. Ickes advocated the stockpiling of emergency crude oil in 1944. President Harry S Truman's Minerals Policy Commission proposed a strategic oil supply in 1952. President Dwight Eisenhower suggested an oil reserve after the 1956 Suez Crisis. The Cabinet Task Force on Oil Import Control recommended a similar reserve in 1970.

But few events so dramatically underscored the need for a strategic oil reserve as the 1973-74 oil embargo. The cutoff of oil flowing into the United States from OPEC sent economic shockwaves throughout the nation. In the aftermath of the oil crises, the United States established the SPR.

1. Energy Policy and Conservation Act of 1975, United States - The Energy Policy and Conservation Act of 1975 was enacted for the purpose of serving the nation s energy demands and promoting conservation methods when feasibly obtainable.
2. United States Code Title 42,CHAPTER 77 ENERGY CONSERVATION - LII has no control over and does not endorse any external Internet site that contains links to or references LII.
3. Reauthorization of the Energy Policy Conservation Act - Energy Policy and Conservation Act Reauthorization and Strategic Petroleum Reserve Update 12-13-00 The Strategic Petroleum Reserve is an emergency supply of crude oil
4. uscode.house.gov - procedures of section 551 of the Energy Policy and Conservation Act 42 U.S.C. 6421 apply to an amendment, except that the 15 calendar

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