U.S. Oil Reserves and the National Oilheat Research Alliance
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Congress authorized the Strategic Petroleum Reserve (SPR) in the Energy Policy and Conservation Act (EPCA) of 1975 to help prevent a repetition of the economic disruption caused by the 1973-1974 Arab oil embargo. EPCA specifically authorizes the President to draw down the SPR upon a finding that there is a "severe energy supply interruption." This book provides insight on several topics such as authorization, operation, and drawdown policy of the SPR; the Northeast home heating oil reserve and the national oilheat alliance, petroleum distillate sales provisions, sale implementation plan, and distribution plans.
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