If enacted, this bill could significantly improve the energy security of the Western United States by addressing vulnerabilities in the fuel supply chain. The study will evaluate factors such as potential disasters that could disrupt refinery operations, which highlights the need for a buffer against such disruptions. Furthermore, the findings are expected to outline the economic feasibility of establishing and maintaining this reserve, which may lead to broader implications for energy policy in the region.
Summary
House Bill 9957, also known as the Western Refined Fuel Reserve Act of 2024, aims to direct the Secretary of Energy to conduct a feasibility study for establishing a refined fuel storage reserve within the Western United States. This bill acknowledges the specific geographic challenges in the West, where existing infrastructure for fuel storage and distribution may be lacking. The proposed study will focus on identifying suitable locations, particularly salt cavern formations, that can facilitate the establishment of this reserve and ensure reliable access to refined petroleum products.
Contention
Debates surrounding HB9957 are likely to focus on the logistical and environmental challenges associated with establishing a refined fuel storage reserve. Critics may raise concerns regarding the ecological impact of creating new storage facilities and the feasibility of the proposed infrastructure enhancements. Supporters, on the other hand, are expected to argue that the legislation is a necessary step toward safeguarding the energy needs of the West and providing a strategic response to potential supply disruptions.
Buy Low and Sell High Act This bill revises requirements concerning the Strategic Petroleum Reserve (SPR) and sets forth provisions to reduce the demand for petroleum fuel and increase fuel supply. For example, the bill directs the Department of Energy (DOE) to establish within the SPR an Economic Petroleum Reserve of up to 350 million barrels of crude oil. DOE must also establish a national network of Strategic Refined Petroleum Product Reserves to store up to 250 million barrels of gasoline and diesel fuel, which may be sold when there is a severe fuel supply interruption within the district in which the reserve is located. In addition, the bill increases the cap on the amount of barrels of petroleum distillate that may be stored in the Northeast Home Heating Oil Reserve from two million to four million. It also establishes limits on the sale and exportation of petroleum products from such reserves. Further, the bill establishes provisions concerning electrifying the transportation sector, zero-emission vehicles, and a program to increase the amount of crude oil refined in oil refineries in certain countries in the Western Hemisphere.
An Act Implementing The Recommendations Of The Program Review And Investigations Committee Concerning The Postponement Of Program Termination Dates In The Sunset Law.
An Act Implementing The Recommendations Of The Program Review And Investigations Committee Concerning The Postponement Of Program Termination Dates In The Sunset Law.