Sec. 2. Findings; sense of Congress
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Congress finds the following: The Strategic Petroleum Reserve was created through the Energy Policy and Conservation Act ( 42 U.S.C. 6231 et seq. ) to address severe energy supply interruptions and provided the executive branch authority to draw down these reserves provided that specific conditions are met. According to the U.S. Energy Information Administration’s Annual Energy Outlook 2022, petroleum and natural gas will remain the most-consumed sources of energy in the United States through 2050.
As of August 19, 2022, the Strategic Petroleum Reserve fell to 453.1 million barrels, from a maximum capacity of 714 million barrels, which is the lowest level since 1985. Emergency sales in 2022 from the Strategic Petroleum Reserve were purchased by Unipec, a subsidiary of Chinese oil giant Sinopec, and delivered to the People’s Republic of China, the principle strategic competitor to the United States. It is the sense of Congress that— continuing to limit energy production in the United States will only provide further leverage and funding for our adversaries and continue to weaken global security; and the energy independence of the United States is critical to national security and should include the production of all available energy sources, including coal, natural gas, oil, nuclear, and renewables, as well as strategic minerals critical to electric vehicles and other clean energy sources.
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Sec. 2
Findings; sense of Congress
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