Mandatory Oil and Gas Leasing: Boosting Domestic Energy Production
This Act mandates the immediate resumption and execution of a minimum number of annual oil and natural gas lease sales on federal lands, both onshore and offshore, particularly in the Gulf of Mexico and Alaska. This aims to increase domestic energy supply, potentially impacting fuel price stability and household energy costs. The law also restricts the President's ability to pause these leasing processes without Congressional approval, ensuring continuity in national energy production.
Key points
Requirement to immediately resume oil and gas lease sales on Federal lands.
Mandate to conduct a minimum of 4 onshore lease sales annually in 10 specified states (e.g., Wyoming, Alaska) and a minimum of 2 offshore sales annually in the Gulf of Mexico and 2 in Alaska, starting in fiscal year 2024.
Restriction on the President's authority to unreasonably pause, cancel, or delay Federal energy mineral leasing processes without Congressional approval, aiming for supply stability.
Requirement for the Secretary of the Interior to submit all documents related to the comprehensive review of Federal oil and gas permitting and leasing practices to Congress.
Expired
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