May 13, 2008(Key vote)
Title: Suspending Acquisition of Petroleum for the Strategic Petroleum Reserve
Vote Smart's Synopsis:
Vote to pass a bill that suspends acquisition by the Secretary of the Interior or the Secretary of Energy for the Strategic Petroleum Reserve until December 31, 2008 unless the average price of petroleum falls below $75 per barrel for the most recent 90-day period.
Allows the Department of the Interior to continue to accept delivery of oil for contracts entered into prior to enactment of this bill (Sec. 2).
Requires the Department of Energy to negotiate deferral of delivery of oil for any deliveries scheduled before enactment of this bill (Sec. 2).
NOTE: THIS VOTE WAS TAKEN UNDER A SUSPENSION OF THE RULES TO CUT OFF DEBATE EARLY AND VOTE TO PASS THE BILL, THEREBY REQUIRING A TWO-THIRDS MAJORITY FOR PASSAGE.