21st Century SPR Act

The 21st Century Strategic Petroleum Reserve Act requires the Secretary of Energy to request that the National Petroleum Council submit a report to Congress within one year. This report must analyze opportunities to modernize the physical infrastructure and operations of the Strategic Petroleum Reserve to better handle supply shocks. Key areas for analysis include expanding geographic distribution, storing refined petroleum products, eliminating mandated sales, and increasing storage capacity and pipeline flow capability. The legislation also mandates an evaluation of the Life Extension II project and requires that the final report be made publicly available.