U.S. Oil Reserves & the National Oilheat Research Alliance

Congress authorised 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 authorises 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 authorisation, 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.