The Energy Emergency Preparedness Act (EEPA) of 1982 amended and extended the Energy Policy and Conservation Act (EPCA) of 1975. The Act directed the United States President to undertake and continue petroleum product acquisition, transportation, and injection activities at a rate which assured an increase in the storage of petroleum products in the Strategic Petroleum Reserve (SPR) at an average annual rate of at least 200,000 barrels per day. These requirements cease to apply when the Reserve contains at least 750,000,000 barrels.
Congress allocated up to US$5.8 billion to acquire oil for the Reserve. The Act also allowed for storage of petroleum products in interim facilities and allocated 10% of the SPR budget to meet expenses associated with these interim storage facilities. The Act requires the US Department of Energy (DOE) to analyze the impact on the domestic economy and oil pricing during substantial reductions in the availability of petroleum products, and to submit such analyses to Congress.
- National Energy Emergency Preparedness Act of 1982 (The Library of Congress)