Study on Feasibility of Establishing a National Strategic Propane Reserve for Supply Security.
This Act mandates the Secretary of Energy to conduct a detailed study assessing the feasibility and effectiveness of establishing a national strategic propane reserve. The goal is to secure propane supplies for households, farmers, and the military, mitigating the risk of supply disruptions and sharp price increases that affect citizens, especially in propane-dependent regions. The study must also determine how such a reserve would operate and its potential market implications.
Key points
Energy Security: The Secretary of Energy must study how to create a propane reserve to protect citizens from sudden supply interruptions and price spikes, especially during crises.
Risk Analysis: The study will assess the current propane supply chain, identify causes of past and future disruptions, and determine if a reserve is justified.
Consumer Impact: The Act requires evaluating how a reserve would affect key propane consumers, including individuals and agricultural producers, with a state-by-state breakdown.
Implementation Plan: Following the study, the Secretary has 180 days to develop a plan for implementing the recommendations regarding the potential establishment of the reserve.
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