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S. 2598, The Strategic Petroleum Reserve Fill Suspension and Consumer Protection Act of 2008
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Comparing original version (created by webmaster) with revision saved on April 1, 2008, 20:08:25 (webmaster):
S. 2598 would increase the supply and lower the cost of petroleum by temporarily suspending the acquisition of petroleum for the Strategic Petroleum Reserve.
== Detailed Summary ==
<summary>
(Log in to edit the wikiStrategic Petroleum Reserve Fill Suspension and beConsumer Protection Act of 2008 - Directs the firstSecretary of Energy to provide a detailed summarysuspend, during calendar year 2008, petroleum acquisition for the Strategic Petroleum Reserve (SPR) through the royalty-in-kind program or any other acquisition method.
Authorizes resumption of such acquisition not earlier than 30 days after the Secretary notifies Congress that the weighted average price of petroleum in the United States for the bill!)most recent 90-day period is $50 or less per barrel.
</summary>
<!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. -->
== Status of the Legislation ==
<status>
(Log inLatest Major Action: 2/6/2008: Referred to edit the wikiSenate committee. Status: Read twice and be the firstreferred to update the status of the bill!)Committee on Energy and Natural Resources.
</status>
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== Points in Favor ==
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== Points Against ==
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