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S. 1231 (114th): Strategic Petroleum Reserve Modernization Act of 2015

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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.