To prohibit a drawdown and sale of petroleum products from the Strategic Petroleum Reserve if the President has withdrawn certain land from oil and gas leasing, and for other purposes.
About This Bill
Committee
Latest Action · January 24, 2024
Read twice and referred to the Committee on Energy and Natural Resources.
This bill would prevent the President from releasing oil from the Strategic Petroleum Reserve if the administration has recently withdrawn federal lands from oil and gas leasing. The legislation, introduced in January 2024, ties the government's ability to sell emergency oil reserves to its land management decisions, with the stated goal of encouraging domestic energy production. The Interior Department's Inspector General would have 30 days to determine whether any land withdrawals have occurred and must publish their findings in the Federal Register. The restriction would not apply in cases of severe energy emergencies caused by sabotage, war, terrorism, or natural disasters. This bill would primarily affect federal land management policy and energy markets by creating a direct link between conservation decisions and the Strategic Petroleum Reserve's availability for emergency use.
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