Page:United States Statutes at Large Volume 94 Part 1.djvu/666

 94 STAT. 616

PUBLIC LAW 96-294—JUNE 30, 1980 TITLE Vn-ACro PRECIPITATION PROGRAM AND CARBON DIOXTOE STUDY SUBTITLE A—ACID PRECIPITATION

Sec. Sec. Sec. Sec. Sec. Sec.

701. Short title. 702. Statement of findings and purpose. 703. Interagency Task Force; comprehensive program. 704. Comprehensive research plan. 705. Implementation of comprehensive plan. 706. Authorization of appropriations. SUBTITLE B—CARBON DIOXIDE

Sec. 711. Study. Sec. 712. Authorization of appropriations.

TITLE Vm—STRATEGIC PETROLEUM RESERVE Sec. Sec. Sec. Sec. Sec.

801. President required to resume fill operations. 802. Use of crude oil from Elk Hills Reserve. 803. Suspension during emergency situations. 804. Naval petroleum reserves. 805. Allocation to Strategic Petroleum Reserve of lower tier crude oil; use of Federal royalty oil. FINDINGS AND PURPOSE

42 USC 8701.

SEC. 100. (a) The Congressfindsand declares that— (1) the achievement of energy security for the United States is essential to the health of the national economy, the well-being of our citizens, and the maintenance of national security; (2) dependence on foreign energy resources can be significantly reduced by the production from domestic resources of the equivalent of at least 500,000 barrels of crude oil per day of synthetic fuel by 1987 and of at least 2,000,000 barrels of crude oil per day of synthetic fuel by 1992; (3) attainment of synthetic fuel production in the United States in a timely manner and in a manner consistent with the protection of the environment will require financial coromitments beyond those expected to be forthcoming from nongovernmental capital sources and existing government incentives; and (4) establishment of an independent Federal entity of limited duration which will provide additional financial assistance in conjunction with private sources of capital to assist the development of domestic nonnuclear energy resources for the production of synthetic fuel will facilitate the expeditious achievement of synthetic fuel production from domestic resources. ObXD The purposes of this title, and the amendments made by this title, are to utilize to the fullest extent the constitutional powers of the Congress to improve the Nation's balance of pa^^ents, reduce the threat of economic disruption from oil supply interruptions and incresise the Nation's security by reducing its dependence upon imported oil. (2) Congress finds and declares that these purposes can be served by— (A) demonstrating at the earliest feasible time the practicality of commercial production of synthetic fuel from domestic resources employing the widest diversity of feasible technologies; (B) fostering the creation of commercial synthetic fuel production facilities of diverse types with the aggregate capability to produce from domestic resources in an environmentally accept-

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