Ford Signs the Law That Creates the Strategic Petroleum Reserve
CONFIRMED92% CONFIDENCEThe American Presidency Project dates Ford's signing statement to 22 December 1975, and the Act itself is P.L. 94-163, enacted that day.[1]
Two years after the Arab oil embargo, the Energy Policy and Conservation Act set up a federal emergency oil stockpile and gave the President the power to order it sold when supply is severely interrupted. Ford called the bill imperfect but signed it anyway, to end "the long debate over national energy policy".
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