Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012, 36387 [2012-14993]

Agencies

• Executive Office of the President

[Federal Register Volume 77, Number 118 (Tuesday, June 19, 2012)]
[Presidential Documents]
[Page 36387]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-14993]




                        Presidential Documents 



Federal Register / Vol. 77, No. 118 / Tuesday, June 19, 2012 / 
Presidential Documents

___________________________________________________________________

[[Page 36387]]


                Presidential Determination No. 2012-09 of June 11, 2012

                
 Presidential Determination Pursuant to Section 
                1245(d)(4)(B) and (C) of the National Defense 
                Authorization Act for Fiscal Year 2012

                Memorandum for the Secretary of State[,] the Secretary 
                of the Treasury[, and] the Secretary of Energy

                By the authority vested in me as President by the 
                Constitution and the laws of the United States, after 
                carefully considering the report submitted to the 
                Congress by the Energy Information Administration on 
                April 27, 2012, and other relevant factors, including 
                global economic conditions, increased oil production by 
                certain countries, the level of spare capacity, and the 
                availability of strategic reserves, I determine, 
                pursuant to section 1245(d)(4)(B) and (C) of the 
                National Defense Authorization Act for Fiscal Year 
                2012, Public Law 112-81, and consistent with my 
                determination of March 30, 2012, that there is a 
                sufficient supply of petroleum and petroleum products 
                from countries other than Iran to permit a significant 
                reduction in the volume of petroleum and petroleum 
                products purchased from Iran by or through foreign 
                financial institutions.

                I will closely monitor this situation to ensure that 
                the market can continue to accommodate a reduction in 
                purchases of petroleum and petroleum products from 
                Iran.

                The Secretary of State is authorized and directed to 
                publish this memorandum in the Federal Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, June 11, 2012.

[FR Doc. 2012-14993
Filed 6-18-12; 8:45 am]
Billing code 4710-10-P