U.S. Congress - S.2927 Government Oil Acquisition Financial Accountability and Consumer Relief Act of 2008
S.2927 - Government Oil Acquisition Financial Accountability and Consumer Relief Act of 2008
A bill to increase the supply and lower the cost of petroleum by temporarily suspending the acquisition of petroleum for the Strategic Petroleum Reserve and to amend the Energy Policy and Conservation Act to include additional acquisition requirements for the Reserve. view all titles (2)
All Bill Titles
- Official: A bill to increase the supply and lower the cost of petroleum by temporarily suspending the acquisition of petroleum for the Strategic Petroleum Reserve and to amend the Energy Policy and Conservation Act to include additional acquisition requirements for the Reserve. as introduced.
- Short: Government Oil Acquisition Financial Accountability and Consumer Relief Act of 2008 as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 1
- Past Seven Days: 4
- All-Time: 512
|
|
|
|
|
|
|
|
Committees
Official Summary
4/28/2008--Introduced.Government Oil Acquisition Financial Accountability and Consumer Relief Act of 2008 - Instructs the Secretary of Energy to suspend petroleum acquisition for the Strategic Petroleum Reserve (SPR). Authorizes the Secretary to resume petroleum acquisition for the SPR notOfficial Summary
4/28/2008--Introduced.Government Oil Acquisition Financial Accountability and Consumer Relief Act of 2008 - Instructs the Secretary of Energy to suspend petroleum acquisition for the Strategic Petroleum Reserve (SPR). Authorizes the Secretary to resume petroleum acquisition for the SPR not earlier than 30 days after the date on which the Secretary notifies Congress that for the most recent consecutive four-week period:
(1) the weighted average price of retail, regular, all formulations gasoline in the United States is $2.50 or less per gallon; or
(2) the weighted average price of retail, No. 2 diesel in the United States is $2.75 or less per gallon. Amends the Energy Policy and Conservation Act to require that acquisitions made for the SPR reflect a steady monthly dollar value of oil.
Instructs the Secretary to include at least 10% heavy crude oil in making any crude oil acquisitions for the SPR.
...Read the Rest
Recent News Coverage
US should suspend purchases for the SPR
S. 2927 would also ensure future government oil purchases are fiscally responsible. These common sense proposals follow recommendations by the Government ...
Halt strategic oil buys
S. 2927, would also ensure future government oil purchases are fiscally responsible. These common sense proposals follow recommendations by the Government ...
Bond: To cut gas prices, suspend deliveries to fed oil reserve
Bond joined Senator John Barrasso (R-Wyo) in introducing S. 2927, which halts oil deposits to the SPR when the average price of gasoline is over $2.50 per ...
Recent Blog Coverage
S.2927: Wall Street Fair Share Act - U.S. Congress - OpenCongress
Advanced Search Options. Use the options to the right to narrow down your search results. Sessions: 111th Congress 110th Congress 109th Congress. Search in: Bills Congresspeople Committees Issues User Comments OpenCongress Blog Indicator ... Senator Harkin
Halt strategic oil buys
S. 2927, would also ensure that future government oil purchases are fiscally responsible. The SPR already contains 700 million barrels of oil in the salt caverns of Louisiana and Texas. Under current policy, the federal government ...
Links: McCainâs Gaffe, Oil Strategy and God is Green?
Barrassoâs bill, S. 2927, instructs the federal government to stop putting oil into the Strategic Petroleum Reserve when the average price of gasoline is over $2.50 per gallon, and the price of diesel fuel exceeds $2.75 per gallon. ...
Vote on This Bill
-
Share This Bill
More Share via Email
