I 
111TH CONGRESS 
1ST SESSION H. R. 2908 
To provide for the sale of light grade petroleum from the Strategic Petroleum 
Reserve and its replacement with heavy grade petroleum. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 17, 2009 
Mr. MARKEY of Massachusetts (for himself, Mr. VAN HOLLEN, and Mr. 
WELCH) introduced the following bill; which was referred to the Com-
mittee on Energy and Commerce 
A BILL 
To provide for the sale of light grade petroleum from the 
Strategic Petroleum Reserve and its replacement with 
heavy grade petroleum. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Enhanced Supply and 
Price Reduction Act of 2009’’. 
SEC. 2. DEFINITIONS. 
In this Act— 
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(1) the term ‘‘light grade petroleum’’ means 
crude oil with an API gravity of 30 degrees or high-
er; 
(2) the term ‘‘heavy grade petroleum’’ means 
crude oil with an API gravity of 26 degrees or lower; 
and 
(3) the term ‘‘Secretary’’ means the Secretary 
of Energy. 
SEC. 3. SALE AND REPLACEMENT OF OIL FROM THE STRA-
TEGIC PETROLEUM RESERVE. 
(a) INITIAL
PETROLEUM
SALE
AND
REPLACE-
MENT.—Notwithstanding section 161 of the Energy Policy 
and Conservation Act (42 U.S.C. 6241), the Secretary 
shall publish a plan not later than 30 days after the date 
of enactment of this Act to— 
(1) sell, in the amounts and on the schedule de-
scribed in subsection (b), light grade petroleum from 
the Strategic Petroleum Reserve and acquire an 
equivalent volume of heavy grade petroleum or re-
fined petroleum product; 
(2) deposit the cash proceeds from sales under 
paragraph (1) into the SPR Petroleum Account es-
tablished under section 167 of the Energy Policy 
and Conservation Act (42 U.S.C. 6247); and 
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(3) from the cash proceeds deposited pursuant 
to paragraph (2), withdraw the amount necessary to 
pay for the direct administrative and operational 
costs of the sale and acquisition. 
(b) AMOUNTS AND SCHEDULE.—The sale and acqui-
sition described in subsection (a) shall require the offer 
for sale of a total quantity of 70,000,000 barrels of light 
grade petroleum from the Strategic Petroleum Reserve. 
The sale shall commence, whether or not a plan has been 
published under subsection (a), not later than 180 days 
after the date of enactment of this Act and be completed 
no more than 3 years after the date of enactment of this 
Act. In no event shall the Secretary sell barrels of oil 
under subsection (a) that would result in a Strategic Pe-
troleum Reserve that contains fewer than 90 percent of 
the total amount of barrels in the Strategic Petroleum Re-
serve as of the date of enactment of this Act. Heavy grade 
petroleum, to replace the quantities of light grade petro-
leum sold under this section, shall be obtained through 
acquisitions which— 
(1) shall be completed, at the discretion of the 
Secretary, not later than 5 years after the date of 
enactment of this Act; 
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(2) shall be carried out in a manner so as to 
maximize the monetary value to the Federal Govern-
ment; and 
(3) shall be acquired using the receipts from 
the sale of light petroleum authorized under this sec-
tion. 
(c) DOLLAR COST AVERAGING.—To decrease the cost 
and improve the efficiency of filling the Strategic Petro-
leum Reserve, the Secretary shall, to the maximum extent 
practicable, purchase, exchange, or otherwise acquire 
crude oil for the Reserve on a dollar cost averaging basis. 
For purposes of this subsection, dollar cost averaging 
means an acquisition goal for each fiscal year of a con-
stant monthly dollar value of petroleum. 
(d) DEFERRALS.—The Secretary is encouraged to, 
when economically beneficial and practical, grant requests 
to defer scheduled deliveries of petroleum to the Reserve 
under subsection (a) if the deferral will result in a pre-
mium paid in additional barrels of oil which will reduce 
the cost of oil acquisition and increase the volume of oil 
delivered to the Reserve or yield additional cash bonuses. 
(e) REFINED PRODUCTS RESERVE.—The Secretary 
may, as appropriate to enhance the national security, ac-
quire, and place in a Strategic Refined Products Reserve 
established for that purpose within the Strategic Petro-
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leum Reserve, refined petroleum product, including motor 
gasoline and diesel fuel, to replace quantities of light grade 
petroleum sold under subsection (a). 
Æ 
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