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US-Only Oil Reserves: New Rules for Strategic Petroleum Reserve

This act changes the rules for the Strategic Petroleum Reserve, ensuring it will only contain petroleum products produced in the United States. This means oil from the reserve can only be sold to entities within the U.S., aiming to enhance the nation's energy security and support the domestic oil industry.
Key points
The Strategic Petroleum Reserve will only be replenished with petroleum produced in the United States.
Sales of petroleum from the Strategic Reserve will only be permitted to entities within the United States.
These changes aim to strengthen U.S. energy independence and support the domestic oil industry.
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Additional Information
Print number: 117_S_5071
Sponsor: Sen. Sullivan, Dan [R-AK]
Process start date: 2022-10-11