Page:United States Statutes at Large Volume 89.djvu/944

 89 STAT. 884

PUBLIC LAW 94-163—DEC. 22, 1975 (7) an estimate of the direct cost of the Reserve, including— (A) the cost of storage facilities; (B) the cost of the petroleum products to be stored; (C) the cost of related facilities; and (D) management and operation costs; (8) an evaluation of the impact of developing the Reserve, taking into account— (A) the availability and the price of supplies and equipment and the effect, if any, upon domestic production of acquiring such supplies and equipment for the Reserve; (B) any fluctuations in world, and domestic, market prices for petroleum products which may result from the acquisition of substantial quantities of petroleum products for the Reserve; (C) the extent to which such acquisition may support otherwise declining market prices for such products; and (D) the extent to which such acquisition will affect competition in the petroleum industry; (9) an identification of the ownership of each storage and related facility proposed to be included in the Reserve (other than storage and related facilities of the Industrial Petroleum Reserve); (10) an identification of the ownership of the petroleum products to be stored in the Reserve in any case where such products are not owned by the United States; (11) a statement of the manner in which the provisions of this part relating to the establishment of the Industrial Petroleum Reserve and the Regional Petroleum Reserve will be implemented; and (12) a Distribution Plan setting forth the method of drawdown and distribution of the Reserve. EARLY STORAGE RESERVE

Establishment.

42 USC 6235.

Plan, transmittal to Congress.

SEC. 155. (a)(1) The Administrator shall establish an Early Storage Reserve as part of the Strategic Petroleum Reserve. The Early Storage Reserve shall be designed to store petroleum products, to the maximum extent practicable, in existing storage capacity. Petroleum products stored in the Early Storage Reserve may be owned by the United States or may be owned by others and stored pursuant to section 156(b). (2) If the Strategic Petroleum Reserve Plan has not become effective under section 159(a), the Early Storage Reserve shall contain not less than 150 million barrels of petroleum products by the end of the 3-year period which begins on the date of enactment of this Act. (b) The Early Storage Reserve shall provide for meeting regional needs for residual fuel oil and refined petroleum products in any region which the Administrator determines is, or is likely to become, dependent upon imports of such oil or products for a substantial portion of the total energy requirements of such region. (c) Within 90 days after the date of enactment of this Act, the Administrator shall prepare and transmit to the Congress an Early Storage Reserve Plan which shall provide for the storage of not less than 150 million barrels of petroleum products by the end of 3 years from the date of enactment of this Act. Such plan shall detail the Administrator's proposals for implementing the Early Storage Reserve requirements of this section. The Early Storage Reserve Plan shall, to the maximum extent practicable, provide for, and set forth

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