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Presidential Papers, March 2012
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General SummaryFrom the daily compilation of publically released papers of President Barack H. Obama.
Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
March 30, 2012
Presidential Determination No. 2012–05
Memorandum for the Secretary of State, the Secretary of the Treasury, and the Secretary of Energy
Subject: Presidential Determination Pursuant to Section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012
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 February 29, 2012, and other relevant information, and given current global economic conditions, increased production by certain countries, the level of spare capacity, and the existence of strategic reserves, among other factors, I determine, pursuant to section 1245(d)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012, Pub1ic Law 112–81, 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 assure 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.
BARACK OBAMA
Contents:
Chicago: Barack H. Obama, "Presidential Determination Pursuant to Section 1245(D)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012 March 30 2012," Daily Compilation of Presidential Documents [Collected for March 2012] in Barack H. Obama, United States. Executive Office of the President, Daily Compilation of Presidential Documents [Collected for March 2012] (Washington D.C.: U.S. Government Printing Office, 2012), Original Sources, accessed February 4, 2023, http://www.originalsources.com/Document.aspx?DocID=954TN2MVH2W4Z2G.
MLA: Obama, Barack H. "Presidential Determination Pursuant to Section 1245(D)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012 March 30 2012." Daily Compilation of Presidential Documents [Collected for March 2012], in Barack H. Obama, United States. Executive Office of the President, Daily Compilation of Presidential Documents [Collected for March 2012], Washington D.C., U.S. Government Printing Office, 2012, Original Sources. 4 Feb. 2023. http://www.originalsources.com/Document.aspx?DocID=954TN2MVH2W4Z2G.
Harvard: Obama, BH, 'Presidential Determination Pursuant to Section 1245(D)(4)(B) and (C) of the National Defense Authorization Act for Fiscal Year 2012 March 30 2012' in Daily Compilation of Presidential Documents [Collected for March 2012]. cited in 2012, Barack H. Obama, United States. Executive Office of the President, Daily Compilation of Presidential Documents [Collected for March 2012], U.S. Government Printing Office, Washington D.C.. Original Sources, retrieved 4 February 2023, from http://www.originalsources.com/Document.aspx?DocID=954TN2MVH2W4Z2G.
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