A bill to provide for an increase in oil refinery operations.

Directs the President to exercise the authority granted under the Emergency Petroleum Allocation Act of 1973: (1) to reduce crude oil inventories; and (2) to distribute the crude oil thus made available to refiners which will process such oil into gasoline, diesel fuel, and Number 2 fuel oil in order to meet the demand for such products during the 12-month period following enactment of this Act.