Sec. 1801. STUDY ON INVENTORY OF PETROLEUM AND NATURAL GAS STORAGE

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## SEC. 1801 STUDY ON INVENTORY OF PETROLEUM AND NATURAL GAS STORAGE ###

(a)Definition For purposes of this section “petroleum” means crude oil, motor gasoline, jet fuel, distillates, and propane. ###

(b)Study The Secretary shall conduct a study on petroleum and natural gas storage capacity and operational inventory levels, nationwide and by major geographical regions. ###

(c)Contents The study shall address— ####

(1)historical normal ranges for petroleum and natural gas inventory levels; ####

(2)historical and projected storage capacity trends; ####

(3)estimated operation inventory levels below which outages, delivery slowdown, rationing, interruptions in service, or other indicators of shortage begin to appear; ####

(4)explanations for inventory levels dropping below normal ranges; and ####

(5)the ability of industry to meet United States demand for petroleum and natural gas without shortages or price spikes, when inventory levels are below normal ranges. ###

(d)Report to Congress Not later than 1 year after the date of enactment of this Act, the Secretary shall submit a report to Congress on the results of the study, including findings and any recommendations for preventing future supply shortages.