Home > legislation > Page
Protecting Investment in Oil Shale the Next Generation of Environmental, Energy, and Resource Security (PIONEERS) Act (H.R. 3408)
Status: Passed the House on February 16, 2012 with a bipartisan vote of 237 to 187 and was laid upon the table.
  • The PIONEERS Act will create new American jobs by setting clear rules for the development of U.S. oil shale resources and promoting shale technology research and development.
  • According to the U.S. Geological Survey (USGS), the U.S. holds more than half of the world’s oil shale resources. The largest known deposits of oil shale are located in a 16,000-square mile area in the Green River formation in Colorado, Utah and Wyoming.
  • The USGS estimates show the region may hold more than 1.5 trillion barrels of oil – six times Saudi Arabia’s proven resources, and enough to provide the United States with energy for the next 200 years.
  • Since taking office the Obama Administration has repeatedly hindered oil shale development, preventing the production of this new energy resource and blocking the creation of thousands of American jobs. This bill will provide greater certainty to U.S. job-creators and encourage them to invest in new technology.
  • Specifically, the PIONEERS Act will:
    • Direct the Secretary of the Interior to issue additional Research, Development & Demonstration (RD&D) leases within 180 days after enactment of bids published on January 15, 2009.

    • Direct the Secretary of the Interior to issue at least 5 separate commercial lease sales by January 1, 2016.

    • Make permanent the Resource Management Plan amendments and commercial oil shale regulations published guidelines by the Department in November 2008 and apply them to all commercial leasing for the management of federally owned oil shale. This will provide regulatory certainty to oil and natural gas producers for commercial development.

    • Give the Secretary of the Interior the ability to temporarily reduce royalties and fees paid by oil producers in order to further incentivize and encourage energy development.

Related Documents:

Click for information on the American Energy Initiative

    Give us Your Feedback on H.R. 3408:

    Latest News

    Bishop: National Park Service Centennial Serves as an Opportunity to Address Management Challenges

    House Committee on Natural Resources Chairman Rob Bishop (R-UT) issued the following statement commemorating the Centennial of the National Park Service: “Our national parks are a uniquely American co...... Read more

    President’s Maine Monument Decree Subverts Representative Democracy to Advance Elite Special Interests

    Today, President Obama, despite opposition by Maine’s local residents and elected officials, unilaterally created a national monument in Maine’s North Woods. House Committee on Natural Resources Chair...... Read more

    Washington Examiner: Opinion: The Harsh Reality of Russia's Influence on Alaska's Offshore Exploration

    Guy F. Caruso, U.S. Energy Information Administration's administrator from 2002-2008. Thanks to technological advancements, like Russia's creation of the world's largest icebreaker Arktika, oil and n...... Read more

    View All News

    Calendar

    No upcoming scheduled events

    View All Events