Boosting US Energy Production: Independence from Russia and Lower Prices
This act aims to increase domestic production of crude oil, petroleum products, and natural gas in the United States. The goal is to achieve energy independence from imports, especially from Russia, which could impact fuel and energy price stability for citizens. Citizens may experience potential benefits in the form of more stable and lower energy costs.
Key points
Requires the President to submit a biennial energy security plan, evaluating energy imports and exports and strategies to boost domestic production.
Authorizes the construction and operation of the Keystone XL pipeline, facilitating oil imports from Canada without additional presidential permits.
Prohibits moratoria on new oil, gas, coal, and critical mineral leases and permits on federal lands without Congressional approval.
Mandates the immediate resumption and regular annual lease sales for oil and gas production on onshore and offshore federal lands, including in the Gulf of Mexico and Alaska.
Requires a plan to increase federal land leased for oil and gas production before any Strategic Petroleum Reserve drawdown, except in severe energy supply interruptions.
Expired
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