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[DOCID: f:hr250eh.txt]
H. Res. 250
In the House of Representatives, U.S.,
October 9, 2001.
Whereas the United States is 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
barrels 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.
Attest:
Clerk.
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