S.Amdt. 1521

1. Adds SEC. ___. DOMESTIC OIL AND NATURAL GAS PRODUCTION GOAL wherever appropriate

   Adds a section

   Inserted: SEC. ___. DOMESTIC OIL AND NATURAL GAS PRODUCTION GOAL.

   Inserted: Section 18 of the Outer Continental Shelf Lands Act (43 U.S.C. 1344) is amended by striking subsection (b) and inserting the following:

   Inserted: "(b) Domestic Oil and Natural Gas Production Goal.--

   Inserted: "(1) In general.--In developing a 5-year oil and gas leasing program, the Secretary shall establish a domestic strategic production goal for the development of oil and natural gas under the program that is--

   Inserted: "(A) the best estimate of the potential increase in domestic production of oil and natural gas from the outer Continental Shelf; and

   Inserted: "(B) focused on--

   Inserted: "(i) meeting the demand for oil and natural gas in the United States;

   Inserted: "(ii) reducing the dependence of the United States on foreign energy sources; and

   Inserted: "(iii) the production increases to be achieved by the leasing program at the end of the 15-year period beginning on the effective date of the program.

   Inserted: "(2) 2012-2017 program goal.--For purposes of the 5-year oil and gas leasing program for fiscal years 2012-2017, the production goal referred to in paragraph (1) shall be an increase by 2027 of--

   Inserted: "(A) not less than 3,000,000 barrels in the quantity of oil produced per day; and

   Inserted: "(B) not less than 10,000,000,000 cubic feet in the quantity of natural gas produced per day.

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   Inserted: "(3) Reports.--At the end of each 5-year oil and gas leasing program and annually thereafter, the Secretary shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives a report that describes the progress of the applicable 5-year program with respect to achieving the production goal established for the program, including--

   Inserted: "(A) any projections for production under the program; and

   Inserted: "(B) identifying any problems with leasing, permitting, or production that would prevent the production goal from being achieved.".

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

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As printed