S.2598 - Strategic Petroleum Reserve Fill Suspension and Consumer Protection Act of 2008110th Congress (2007-2008)
|Sponsor:||Sen. Dorgan, Byron L. [D-ND] (Introduced 02/06/2008)|
|Committees:||Senate - Energy and Natural Resources|
|Latest Action:||02/06/2008 Read twice and referred to the Committee on Energy and Natural Resources. (text of measure as introduced: CR S740) (All Actions)|
This bill has the status Introduced
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Summary: S.2598 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in Senate (02/06/2008)
Strategic Petroleum Reserve Fill Suspension and Consumer Protection Act of 2008 - Directs the Secretary of Energy to suspend, 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 most recent 90-day period is $50 or less per barrel.