Strategic Petroleum Reserve Modernization Act of 2015
This bill directs the Department of Energy to:
evaluate the international obligations that gave rise to the establishment and maintenance of the Strategic Petroleum Reserve (SPR);
analyze changes in energy security infrastructure since the establishment of the SPR, including changes in the distribution infrastructure and the integrity of the salt caverns associated with the SPR;
estimate the costs of completing deferred maintenance for the SPR;
estimate the costs of life extension spending for SPR infrastructure nearing the end of its design life; and
evaluate the size of the SPR as of the date of the study, based upon current and projected oil supply and demand.
Actions
May 14, 2015
Committee on Energy and Natural Resources. Hearings held. Hearings printed: S.Hrg. 114-65.
May 6, 2015
Read twice and referred to the Committee on Energy and Natural Resources.