Sec. 2004. Modernization of Strategic Petroleum Reserve release authorities
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Section 161(d)(2) of the Energy Policy and Conservation Act ( 42 U.S.C. 6241(d)(2) ) is amended— in subparagraph (A), by striking
(A)an emergency and inserting the following: an emergency ; by redesignating subparagraphs
(B)and
(C)as clauses
(ii)and (iii), respectively; in clause
(ii)(as so redesignated), by striking has resulted and inserting will likely result ; in clause
(iii)(as so redesignated), by striking the period at the end and inserting ; or ; and by adding at the end the following: an interruption in the global oil supply exists that is likely to cause a severe increase in the price of domestic petroleum products, regardless of whether the interruption results in a loss of oil imports to the United States. .
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Sec. 2004
Modernization of Strategic Petroleum Reserve release authorities
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