S.Amdt. 2998

SA 2998. Mr. THUNE submitted an amendment intended to be proposed by him to the bill S. 2262, to promote energy savings in residential buildings and industry, and for other purposes; which was ordered to lie on the table; as follows:

At beginning of title V, insert the following:

SEC. 5___. DOMESTIC OIL AND NATURAL GAS PRODUCTION GOAL.

(a) In General.--In developing an onshore and offshore oil and gas leasing program for the Department of the Interior, subject to paragraph (2), the Secretary of the Interior (referred to in this section as the “Secretary”) shall determine a domestic strategic production goal for the development of oil and natural gas from Federal onshore and offshore areas, which goal shall be--

(1) the best estimate of the practicable increase in domestic production of oil and natural gas from the outer Continental Shelf and Federal onshore areas; and

(2) focused on--

(A) meeting domestic demand for oil and natural gas;

(B) reducing the dependence of the United States on foreign energy; and

(C) the production increases achieved by the leasing program at the end of each of the 15- and 30-year periods beginning on the effective date of the program.

(b) Program Goal.--For purposes of the onshore and offshore oil and gas leasing program of the Department of the Interior, the production goal determined under subsection (a) shall be an increase by January 1, 2032, of the greater of--

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

(B) not less than 10,000,000,000 cubic feet in the quantity of natural gas produced per day; or

(2) not less than the projected 30-year percentage increase in the production of oil and natural gas from non-Federal areas, as determined by the Energy Information Administration.

(c) Report.--Beginning on the date that is 1 year after the effective date of the onshore and offshore oil and gas leasing program and annually thereafter, the Secretary shall submit to the Committee on Natural Resources of the House of Representatives and the Committee on Energy and Natural Resources of the Senate a report on the progress of the program in meeting the production goal under subsection (a) that includes an identification of projections for production and any problems with leasing, permitting, or production that will prevent meeting the goal.