FEDERALhearing transcript

Senate Hearing on Modernizing the Strategic Petroleum Reserve

Original title: THE POTENTIAL MODERNIZATION OF THE STRATEGIC PETROLEUM RESERVE AND RELATED ENERGY SECURITY ISSUES

January 1, 2016

Strategic Petroleum Reserve Energy Security Oil Production Energy Policy

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The Frame

What this does

This hearing examines the future of the U.S. emergency oil stockpile, which affects national energy security policy and the government's ability to respond to global oil supply disruptions.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

U.S. Department of Energy

The agency manages the Strategic Petroleum Reserve and is responsible for implementing any modernization policies.

Energy Industry

Changes to the management or size of the reserve impact oil market stability and national energy infrastructure.

What changed

Last recorded activity January 1, 2016.

What's next

Next step not available in the current record.

Summary

The Senate Committee on Energy and Natural Resources held a hearing on October 6, 2015, to discuss the modernization of the and broader U.S. energy security. The session featured testimony from the Secretary of Energy and various energy policy experts regarding the role of the reserve in a changing global oil market.

Key Facts

The hearing was held on October 6, 2015, in the Dirksen Senate Office Building.
The committee discussed the report 'A Turbulent World: In Defense of the Strategic Petroleum Reserve' authored by Chairman Murkowski in July 2015.
The hearing addressed concerns regarding OPEC's falling spare capacity and production outages in Iraq and Libya.
The committee heard testimony from five witnesses, including the Secretary of Energy and four energy policy experts.
The hearing included formal opening statements from Chairman Murkowski and Ranking Member Cantwell.

Frequently Asked Questions

What is the Strategic Petroleum Reserve?

It is the United States' emergency stockpile of petroleum, maintained by the Department of Energy to mitigate the impact of supply disruptions.

Why was this hearing held?

To evaluate the need for modernizing the reserve in light of changing global oil production levels and energy security risks.

Why It Matters

This hearing examines the future of the U.S. emergency oil stockpile, which affects national energy security policy and the government's ability to respond to global oil supply disruptions.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Focus on SPR Modernization

The hearing marks a specific point in 2015 where the Senate began formally evaluating the modernization of the SPR due to shifting global oil dynamics.

Strategic Petroleum Reserve Lisa Murkowski

Connected Entities

personJason Bordoff“Founding Director, Center on Global Energy Policy”Map →

personErnest Moniz“Secretary of the U.S. Department of Energy”Map →

personMaria Cantwell“Ranking Member of the Senate Committee on Energy and Natural Resources”Map →

personLisa Murkowski“Chairman of the Senate Committee on Energy and Natural Resources”Map →

personDennis C. Blair“Former Director of National Intelligence”Map →

personSarah Ladislaw“Director, Energy and National Security Program, CSIS”Map →

otherStrategic Petroleum Reserve“The U.S. emergency oil stockpile”Map →

personKevin Book“Managing Director, ClearView Energy Partners, LLC”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance60
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment10
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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