871, enacted December 22, 1975) is a United States Act of Congress that responded to the 1973 oil crisis by creating a comprehensive approach to federal energy policy.
[1] Most notably, EPCA established the Strategic Petroleum Reserve, the Energy Conservation Program for Consumer Products, and Corporate Average Fuel Economy regulations.
Fill was suspended in FY 1995 to devote budget resources to refurbishing the SPR equipment and extending the life of the complex.
The EPCA also directs the Secretary of the Interior to take action within 30 days which prohibits the same previous fuel sources.
[4] Part A of Title III of the EPCA established the Corporate Average Fuel Economy standards for automobiles.
[1] The National Highway Traffic Safety Administration was given the authority to regulate fuel economies for automobiles and light trucks.
[9] Although, the export ban was quoted as a reason why crude oil was discounted $10 below the world price from early 2014 throughout 2015, as measured by the West Texas Intermediate benchmark,[10] this claim has not been supported by empirical research.
[13] Oil refineries have been against lifting the export ban, because their raw material, the sweet, light domestic crude was available at a low price.
Republicans favored lifting the ban and in return agreed to not block a $500m payment to the UN Green Climate Fund and tax breaks for solar and wind power.
Recipients of the loan guarantees are required to have a contract with a customer who is certified by the Environmental Protection Agency to operate their plant in compliance with the Clean Air Act.
The Federal Energy Administration's authority to require power plants to burn coal instead of natural gas or petroleum based fuels was extended through 1977.