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U.S. Code as of:
01/19/04
Section 715c. Suspension of operation of section 715b of this title
Whenever the President finds that the amount of petroleum and
petroleum products moving in interstate commerce is so limited as
to be the cause, in whole or in part, of a lack of parity between
supply (including imports and reasonable withdrawals from storage)
and consumptive demand (including exports and reasonable additions
to storage) resulting in an undue burden on or restriction of
interstate commerce in petroleum and petroleum products, he shall
by proclamation declare such finding, and thereupon the provisions
of section 715b of this title shall be inoperative until such time
as the President shall find and by proclamation declare that the
conditions which gave rise to the suspension of the operation of
the provisions of such section no longer exist. If any provision of
this section or the application thereof shall be held to be
invalid, the validity of application of section 715b of this title
shall not be affected thereby.
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