[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 250 Introduced in House (IH)]







107th CONGRESS
  1st Session
H. RES. 250

Urging the Secretary of Energy to fill the Strategic Petroleum Reserve.


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                    IN THE HOUSE OF REPRESENTATIVES

                            October 2, 2001

    Mr. Barton of Texas (for himself and Mr. Boucher) submitted the 
following resolution; which was referred to the Committee on Energy and 
                                Commerce

_______________________________________________________________________

                               RESOLUTION


 
Urging the Secretary of Energy to fill the Strategic Petroleum Reserve.

Whereas the United States may soon be engaged in military activity as a result 
        of the terrorist attacks of September 11, 2001;
Whereas such acts continue to pose an unusual and extraordinary threat to the 
        national security and foreign policy of the United States, including the 
        security of important energy supplies;
Whereas our Nation imports more than half of the crude oil it consumes from 
        other nations;
Whereas Congress found in the Energy Policy and Conservation Act 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;
Whereas a severe energy supply interruption would have an adverse impact upon 
        American consumers and the economy;
Whereas the Strategic Petroleum Reserve has an authorized capacity of 
        1,000,000,000 barrels of crude oil, a current storage capacity of 
        700,000,000 barrels of crude oil, and approximately 545,000,000 barrels 
        of crude oil currently in storage; and
Whereas marginal wells in the United States provide an important base of 
        domestic crude oil production, make an important contribution to our 
        workforce and economy, are particularly sensitive to price fluctuations, 
        and are difficult and costly to reopen: Now, therefore, be it
    Resolved, That the House of Representatives urges the Secretary of 
Energy to increase the capacity of the Strategic Petroleum Reserve to 
1,000,000,000 of crude oil, to fill the Strategic Petroleum Reserve to 
its capacity as soon as practicable, and to consider purchasing from 
marginal wells that would otherwise cease production, consistent with 
current law.
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