433 
petroleum reserves, is a national security asset 
that— 
(A) protects the consumers and the econ-
omy of the United States in the event of a 
major disruption in petroleum supply; 
(B) maximizes the effectiveness of the 
United States strategic petroleum reserve 
through cooperation in accessing global reserves 
of various petroleum products; 
(C) provides market reassurance in coun-
tries that are members of the International En-
ergy Program; and 
(D) strengthens United States Government 
relationships with members of the International 
Energy Program. 
(3) The International Energy Agency projects 
that the largest growth in demand for petroleum 
products, other than demand from the United 
States, will come from China and India, which are 
not members of the International Energy Program. 
The Governments of China and India vigorously 
pursue access to global oil reserves and are attempt-
ing to develop national petroleum reserves. Partici-
pation of the Governments of China and India in an 
international petroleum reserve mechanism would 
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promote global energy security, but such participa-
tion should be conditional on the Governments of 
China and India abiding by customary petroleum re-
serve management practices. 
(4) In the Western Hemisphere, only the 
United States and Canada are members of the 
International Energy Program. The vulnerability of 
most Western Hemisphere countries to supply dis-
ruptions from political, natural, or terrorism causes 
may introduce instability in the hemisphere and can 
be a source of conflict, despite the existence of major 
oil reserves in the hemisphere. 
(5) Countries that are not members of the 
International Energy Program and are unable to 
maintain their own national strategic reserves are 
vulnerable to petroleum supply disruption. Disrup-
tion in petroleum supply and spikes in petroleum 
costs could devastate the economies of developing 
countries and could cause internal or interstate con-
flict. 
(6) The involvement of the United States Gov-
ernment in the extension of international mecha-
nisms to coordinate strategic petroleum reserves and 
the extension of other emergency preparedness 
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measures should strengthen the current Inter-
national Energy Program. 
(b) ENERGY CRISIS RESPONSE MECHANISMS WITH 
INDIA AND CHINA.— 
(1) AUTHORITY.—The Secretary of State, in 
coordination with the Secretary of Energy, should 
immediately seek to establish a petroleum crisis re-
sponse mechanism or mechanisms with the Govern-
ments of China and India. 
(2) SCOPE.—The mechanism or mechanisms es-
tablished under paragraph (1) should include— 
(A) technical assistance in the development 
and management of national strategic petro-
leum reserves; 
(B) 
agreements 
for 
coordinating 
drawdowns of strategic petroleum reserves with 
the United States, conditional upon reserve 
holdings and management conditions estab-
lished by the Secretary of Energy; 
(C) emergency demand restraint measures; 
(D) fuel switching preparedness and alter-
native fuel production capacity; and 
(E) ongoing demand intensity reduction 
programs. 
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