Securing Our Propane Supply Act
Summary
The "Securing Our Propane Supply Act" directs the Secretary of Energy to conduct a study on the feasibility and effectiveness of establishing a national strategic propane reserve. This reserve would be separate from the Strategic Petroleum Reserve. The study must assess the propane supply chain, risks of disruptions, suitable locations and storage quantities, needed infrastructure, and methods for preventing propane degradation.
Expected Effects
The immediate effect will be a study and subsequent plan developed by the Department of Energy. This plan will assess the viability of a national propane reserve. If deemed feasible, the plan will outline how to establish and manage such a reserve, potentially leading to increased energy security.
Potential Benefits
- Enhanced energy security through a strategic propane reserve.
- Potential price stabilization during regional supply disruptions.
- Improved supply chain resilience for propane consumers, including individuals, agricultural producers, and the Armed Forces.
- Better understanding of the propane market and potential vulnerabilities.
- Informed decision-making regarding the need for and implementation of a propane reserve.
Potential Disadvantages
- The study itself will require government resources and funding.
- Establishing and maintaining a propane reserve could be costly.
- Market intervention through a strategic reserve could have unintended economic consequences.
- Potential for logistical challenges in transporting and delivering propane from the reserve.
- The study may conclude that a reserve is not feasible or effective, rendering the effort moot.
Constitutional Alignment
The bill aligns with the Constitution's general welfare clause (Preamble) by aiming to ensure energy security and potentially stabilize propane prices. Congress has the power to regulate interstate commerce (Article I, Section 8), which includes the production, distribution, and storage of energy resources like propane. The establishment of a strategic reserve falls under this regulatory authority.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).