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42 U.S. Code § 6240

Petroleum products for storage, transport, or exchange

42 U.S. Code § 6240. Petroleum products for storage, transport, or exchange

(a) Eligibility of petroleum products
The Secretary may acquire, place in storage, transport, or exchange petroleum products acquired by purchase or exchange.
(b) Objectives in determining manner of acquisitionThe Secretary shall, to the greatest extent practicable, acquire petroleum products for the Reserve in a manner consonant with the following objectives:
(1)
minimization of the cost of the Reserve;
(2)
Repealed. Pub. L. 106–469, title I, § 103(14)(C), Nov. 9, 2000, 114 Stat. 2031;
(3)
minimization of the Nation’s vulnerability to a severe energy supply interruption;
(4)
minimization of the impact of such acquisition upon supply levels and market forces; and
(5)
encouragement of competition in the petroleum industry.
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