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<br />Such'changes included redefining the SPCl, setting cumulative deficiencies <br /> <br />at zero as of February 1, 1976, and allowing BPCl adjustments for naturally <br />d I'. . d' 29 <br />ec Inlng reservoir pro uctlon. <br /> <br />2.2.5.2 Other Major EPCA Provisions. EPCA established the Strategic <br />30 <br />Petroleum Reserve (SPR). Under a plan developed by FEA, the Federal <br />govenment would secure storage sites and procure crude petroleum through <br />normal channels. This reserve is to be used to respond to supply interrup- <br />tions according to established allocation plans. <br />EPCA called for 150 million barrels to be stored by December 1978, <br />325 million barrels by December 1980, and 500 million barrels by the end of <br />1982. This plan was later amended, and a target of 1 billion barrels by <br />1985 was established. As of April 1980, 92 million barrels were actually in <br />storage.31 A rider attached to the Energy Security Act which was signed <br />June 30, 1980, requires the President to resume filling the SPR at a rate <br />of 100,000 barrels per day; if this rate is not attained, sales of any oil <br />from the Elk Hill's Naval Petroleum Reserve are prohibited. 32 <br />Other provisions in EPCA included the following. <br />. The President was granted certain standby authorities to control <br />pricing and allocations during emergencies due to shortages. <br />. Contingency plans and other reserve measures were established <br />in case of supply interruptions. <br />. Conservation programs for consumer products and industrial <br />equipment were initiated, and automobile fuel economy standards <br />and goals were established.33 <br /> <br /> <br />2.2.5.3 Price Decontrol Under EPCA. Along with the petroleum price <br />rollback requirements in EPCA, provisions were made for petroleum prices <br />to be decontrolled. Three petroleum price decontrol provisions are as <br />follows. <br />. The pricing requirements specified in EPCA would expire in <br />April 1979, and the President would assume full authority to con- <br />trol prices in any manner he deemed necessary. <br /> <br />2-10 <br />