Full Committee to Markup Energy Jobs and Revenue Portion of American Energy & Infrastructure Jobs Act
January 30, 2012 -
On Wednesday, February 1st the Natural Resources Committee will hold a Full Committee markup on the energy portion of the American Energy & Infrastructure Jobs Act, legislation to link new American energy production with high-priority infrastructure projects. The bill will remove government barriers to American energy production, creating over a million new American jobs, lowering gasoline prices, and helping repair our roads and bridges – with no earmarks.
The energy portion includes:
Offshore Energy Production. The bill will require the Administration to move forward with new offshore energy production in areas containing the most oil and natural gas resources – including the Atlantic Coast, Pacific Coast and portions of the Eastern Gulf of Mexico. It requires the Secretary of the Interior to conduct oil and natural gas lease sales in the Gulf of Mexico and offshore Virginia that have been delayed or cancelled. It establishes fair and equitable revenue sharing for coastal states. (H.R. 3410, Energy Security and Transportation Jobs Act)
ANWR. The bill will open less than 3 percent of the Arctic National Wildlife Refuge (ANWR) in Alaska to responsible energy development by directing the Interior Secretary to establish lease sales in the North Slope. The North Slope of ANWR was specifically set aside in 1980 by President Jimmy Carter and Congress for oil and natural gas development. ANWR contains approximately 10.4 billion barrels of oil and at peak production could supply the U.S. with up to 1.45 million barrels of oil per day. (H.R. 3407, Alaskan Energy for American Jobs Act)
Oil Shale. The bill 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. It directs the Secretary of the Interior to issue additional Research, Development & Demonstration (RD&D) and commercial leases and makes permanent the Resource Management Plan amendments and commercial oil shale regulations published guidelines by the Department in November 2008. (H.R. 3408, Protecting Investment in Oil Shale the Next Generation of Environmental, Energy, and Resource Security Act)
NOTE - Amendments in the nature of a substitute will be filed for each bill and, in compliance with House and Committee Rules, text of these amendments in the nature of a substitute will be made publicly available on Monday, January 30th on the Committee website: http://naturalresources.house.gov/markups.
H.R. 3407, To direct the Secretary of the Interior to establish and implement a competitive oil and gas leasing program for the exploration, development, and production of the oil and gas resources of the Coastal Plain of Alaska, to ensure secure energy supplies for the continental Pacific Coast of the United States, lower prices, and reduce imports, and for other purposes. “Alaskan Energy for American Jobs Act”
H.R. 3408, To set clear rules for the development of United States oil shale resources, to promote shale technology research and development, and for other purposes. “PIONEERS Act”, or “Protecting Investment in Oil Shale the Next Generation of Environmental, Energy, and Resource Security Act”
H.R. 3410, To require the Secretary of the Interior to conduct certain offshore oil and gas lease sales, to provide fair and equitable revenue sharing for all coastal States, to formulate future offshore energy development plans in areas with the most potential, to generate revenue for American infrastructure, and for other purposes. “Energy Security and Transportation Jobs Act”
Wednesday, February 1, 2012
1324 Hearing Room in the Longworth House Office Building
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