Strategic Petroleum Reserve Modernization Act of 2015 2015-05-06 Introduced in Senate 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.
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