No actions available.
Full Text of this Amendment
At the end of title XVII, add the following:
Subtitle H--Sense of the Senate Regarding the Need to Expedite Certain Outer Continental Shelf Oil and Gas Lease Sales
SEC. 1771. SENSE OF THE SENATE.
(a) Findings.--The Senate finds that--
(1) the citizens of the United States face economic hardships due to high fuel costs;
(2) the citizens of the United States rely on oil and gas produced from resources located in the approximately 1,760,000,000 acres of the outer Continental Shelf;
(3) the Secretary of the Interior (referred to in this section as the ``Secretary''), in accordance with section 18 of the Outer Continental Shelf Lands Act (43 U.S.C. 1344), has prepared, for calendar years 2007 through 2012, an oil and gas leasing program (referred to in this section as the ``5-year program'') indicating a 5-year schedule of lease sales designed to best meet the energy needs of the United States;
(4) the 5-year program includes 21 lease sales in 8 areas, including--
(A) 4 areas located off of the coast of the State of Alaska;
(B) 1 area located off of the Atlantic Coast; and
(C) 3 areas located in the Gulf of Mexico;
(5) the analysis completed for the 5-year program has indicated that implementation of the 5-year program would result in--
(A) the production of an estimated 10,000,000,000 barrels of oil and 45,000,000,000,000 cubic feet of natural gas; and
(B) the generation of $170,000,000,000 in net benefits for the United States during the 40-year period beginning on the date of implementation of the 5-year program; and
(6) the United States should--
(A) be less dependent on foreign oil; and
(B) develop more domestic sources of energy.
(b) Sense of the Senate.--It is the sense of the Senate that, as soon as practicable after the date of enactment of this Act, the Secretary should expedite each remaining lease sale included in the 5-year program regardless of the year for which any particular lease sale is scheduled.
(As printed in the Congressional Record for the Senate on Jun 4, 2008.)