Summary: S.2598 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for S.2598. Bill summaries are authored by CRS.

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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.