42 U.S.C. § 6245: Annual report

the status of the physical capacity of the Reserve and the type and quantity of petroleum products in the Reserve; an estimate of the schedule and cost to complete planned equipment upgrade or capital investment in the Reserve, including upgrades and investments carried out as part of operational maintenance or extension of life activities; an identification of any life-limiting conditions or operational problems at any Reserve facility, and proposed remedial actions including an estimate of the schedule and cost of implementing those remedial actions; a description of current withdrawal and distribution rates and capabilities, and an identification of any operational or other limitations on those rates and capabilities; a listing of petroleum product acquisitions made in the preceding year and planned in the following year, including quantity, price, and type of petroleum; a summary of the actions taken to develop, operate, and maintain the Reserve; a summary of the financial status and financial transactions of the Strategic Petroleum Reserve and Strategic Petroleum Reserve Petroleum Accounts for the year; a summary of expenses for the year, and the number of Federal and contractor employees; the status of contracts for development, operation, maintenance, distribution, and other activities related to the implementation of this part; a summary of foreign oil storage agreements and their implementation status; any recommendations for supplemental legislation or policy or operational changes the Secretary considers necessary or appropriate to implement this part. examine the equity and efficiency of such reliance, distinguish between the impacts of such reliance on various categories of business (including small business and agriculture) and on households of different income levels, specify the nature and administration of monetary and fiscal policies that would be followed including emergency tax cuts, emergency block grants, and emergency supplements to income maintenance programs, and describe the likely impact on the distribution of petroleum products of State and local laws and regulations (including emergency authorities) affecting the distribution of petroleum products. Within one year after the date of the enactment of this Act [ Aug. 3, 1982 ], the Secretary of Energy shall submit a report to the Congress and the President containing the analysis required by this subsection, including a detailed step-by-step description of the procedures by which the policies specified in paragraph (1)(C) would be accomplished in an emergency, along with such recommendations as the Secretary of Energy deems appropriate. a description of the foreseeable situations (including selective and general embargoes, sabotage, war, act of God, or accident) which could result in a severe energy supply interruption or obligations of the United States arising under the international energy program necessitating distributions from the Strategic Petroleum Reserve, and a description of the strategy or alternative strategies of distribution which could reasonably be used to respond to each situation described under paragraph (1), together with the theory and justification underlying each such strategy. an assessment of the ability to transport petroleum products to refiners, distributors, and end users within the regions specified in section 157(a) of such Act; the comparative costs of creating and operating Regional Petroleum Reserves for such regions as compared to the costs of continuing current plans for the Strategic Petroleum Reserve; and a list of potential sites for Regional Petroleum Reserves. The Secretary of Energy shall, in consultation with the Secretary of Agriculture, prepare and transmit to the Congress no later than December 31, 1982 , a study of the potential for establishing a Strategic Alcohol Fuel Reserve. As used in this section, the terms ‘international energy program’, ‘petroleum product’, ‘Reserve’, ‘severe energy supply interruption’, and ‘Strategic Petroleum Reserve’ have the meanings given such terms in sections 3 and 152 of the Energy Policy and Conservation Act ( 42 U.S.C. 6202 and 6232).”