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While the program administrators use the above measures and reports to understand how the program is working, there is greater concern [citation needed] that not enough funding is being brought into the program to stave off increases in fuel prices. The 2008 spike in funding was needed to address the sharp increase in home heating oil.
In February 2014, Citgo and the Government of Venezuela launched its ninth annual Heating Oil Program in partnership with Citizens Energy; since its inception in 2005 the program has covered the donation of 235 million gallons of heating oil to 1.8 million Americans. [2] The heating oil contributions from Venezuela ended in 2017. [3]
All U.S. states are automatically eligible for HOME funds, and each receives a minimum of $3 million for the program, while local governments receive a minimum of $500,000 (unless the United States Congress assigns $1.5 billion or less to the program, in which case they receive a minimum of $335,000). [2]
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On July 10, 2000, President of the United States Bill Clinton directed Energy Secretary Bill Richardson to establish a 2,000,000-US-barrel (63,000,000 US gal; 240,000,000 L) home heating oil component of the Strategic Petroleum Reserve in the Northeast. The intent was to create a buffer large enough to allow commercial companies to compensate ...
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