42 USC 6231 – Congressional finding and declaration of policy
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(a) The Congress finds that the storage of substantial quantities of petroleum products will diminish the vulnerability of the United States to the effects of a severe energy supply interruption, and provide limited protection from the short-term consequences of interruptions in supplies of petroleum products.
Terms Used In 42 USC 6231
- international energy program: means the Agreement on an International Energy Program, signed by the United States on November 18, 1974, including (A) the annex entitled "Emergency Reserves" (B) any amendment to such Agreement which includes another nation as a party to such Agreement, and (C) any technical or clerical amendment to such Agreement. See 42 USC 6202
- Reserve: means the Strategic Petroleum Reserve. See 42 USC 6232
- severe energy supply interruption: means a national energy supply shortage which the President determines&mdash. See 42 USC 6202
- United States: when used in the geographical sense means all of the States and the Outer Continental Shelf. See 42 USC 6202
(b) It is the policy of the United States to provide for the creation of a Strategic Petroleum Reserve for the storage of up to 1 billion barrels of petroleum products to reduce the impact of disruptions in supplies of petroleum products, to carry out obligations of the United States under the international energy program, and for other purposes as provided for in this chapter.