Emergency Federal Crude Oil Sale, Use and Storage Act of 1980

[AI summary unavailable — showing source text] Emergency Federal Crude Oil Sale, Use, and Storage Act of 1980 - Directs the Secretary of Energy, the Secretary of the Interior, and the heads of other Federal agencies having responsibility for the disposition of Federal crude oil to undertake a study of alternative means for the disposition of such oil and the economic implications of such alternatives on the domestic economy. Requires that such report be transmitted to Congress within 120 days of the date of enactment. Authorizes the Secretary of Energy, pending completion of such study, to extend, for a period of up to 120 days with the concurrence of the existing purchaser, the contracts for the sale of Federal crude oil produced from the Elk Hills and Teapot Dome Naval Petroleum Reserves. Directs the Secretary of Energy and the Secretary the Interior, after consultation with the appropriate Federal agency heads, to develop a program for the use and disposition of Federal crude oil in accordance with this Act. Authorizes the Secretary of Energy and the Secretary of the Interior to implement such program by: (1) storing such crude oil in the Strategic Petroleum Reserve; (2) entering into contracts to have such crude oil refined…