John Barrasso on Energy & Oil

Establish energy security strategy with domestic production.

The Secretary of Energy shall conduct an analysis of all policies of the Federal Government (including mandates, subsidies, tariffs, and tax policy) that encourage, or have the potential to encourage, energy production in the United States; with recommendations to reduce:

• the dependence of the United States on foreign sources of energy;
• the quantity of air pollutants in the environment;
• greenhouse gas emissions; and
• the cost of energy.

1. the dependence of the United States on foreign sources of energy;
2. the quantity of air pollutants in the environment;
3. greenhouse gas emissions; and
4. the cost of energy.

1. an estimate of the domestic and foreign energy supplies needed to meet the projected energy demand of the United States; and
2. a summary of research and development efforts funded by the Federal Government to achieve the strategy.

Allow horizontal drilling into Alaska's Coastal Plain.

No Surface Occupancy Western Arctic Coastal Plain Domestic Energy Security Act: Authorizes exploration, leasing, development, and production of oil and gas from the Western Coastal Plain.
• Defines the Western Coastal Plain as the area of Coastal Plain: (1) that borders the land of Alaska to the west and Alaska offshore waters of the Beaufort Sea on the north; and (2) from which the Secretary of the Interior finds oil and gas can be produced through horizontal drilling or other subsurface technology from sites outside or underneath the Coastal Plain surface.
• Authorizes the Secretary to establish a competitive oil and gas leasing program that will result in an environmentally sound program for the exploration, development, and production of the oil and gas resources of the Western Coastal Plain.
• Considers such program to be compatible with the purposes for which the Arctic National Wildlife Refuge was established.
• Directs the Secretary to: (1) establish lease sale procedures; and (2) offer for lease those tracts the Secretary considers to have the greatest potential for the discovery of hydrocarbons.
• Prescribes a scheme for the allocation of revenues produced by bonus, rental, and royalty revenues from the federal oil and gas leasing and operations authorized under this Act, requiring 50% to be paid semiannually to the state of Alaska, and the remainder to designated federal entities.