We don’t have a summary available yet.
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on May 6, 2015.
Strategic Petroleum Reserve Modernization Act of 2015
This bill directs the Department of Energy to:
evaluate the international obligations that gave rise to the establishment and maintenance of the Strategic Petroleum Reserve (SPR); analyze changes in energy security infrastructure since the establishment of the SPR, including changes in the distribution infrastructure and the integrity of the salt caverns associated with the SPR; estimate the costs of completing deferred maintenance for the SPR; estimate the costs of life extension spending for SPR infrastructure nearing the end of its design life; and evaluate the size of the SPR as of the date of the study, based upon current and projected oil supply and demand.