Transitional Petroleum Allocation Act

[AI summary unavailable — showing source text] Transitional Petroleum Allocation Act - Requires suppliers, prior to the expiration of the regulations promulgated and made effective under the Emergency Allocation Act of 1973, to execute two-year contracts with customers in each of the five general classes of trade set forth in this Act. Provides that such contracts shall entitle persons covered by this Act to contract with suppliers for crude oil or refined petroleum products, or both, in quantities not less than their current adjusted base volumes. Directs that persons unable to negotiate a supply contract in accordance with this Act may be assigned by the Federal Energy Administration to any supplier which has not fully compiled with this Act.…