Short-term Solutions for Increasing Energy Supply from the Public Lands: Oversight Hearing Before the Subcommittee on Energy and Mineral Resources of the Committee on Resources, U.S. House of Representatives, One Hundred Seventh Congress, First Session, May 22, 2001, Том 4United States. Congress. House. Committee on Resources. Subcommittee on Energy and Mineral Resources U.S. Government Printing Office, 2002 - 83 страници |
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Administration Anchorage Daily Arch Coal areas BLM offices California Chairman coal production Committee CONG CONGRESS THE LIBRARY corrosion deepwater demand domestic drilling electricity energy resources energy supply environmental ergy exploration and production Federal coal leasing Federal government Federal lands Forest Service fuel geothermal GIBBONS going GRESS Gulf of Mexico impact important increase industry INSLEE IPAA issue Jim Gibbons Kuparuk Land Management lease sale LIBRARY OF CONGRESS ment mined on Federal mineral moratoria National Energy Policy National Mining Association natural gas North Slope O'Connor offshore oil and gas oil and natural oil fields onshore Federal operations percent permitting pipeline potential Powder River Basin power plants President problem Prudhoe Prudhoe Bay public lands RARY regulations regulatory REHBERG roadless royalty in-kind royalty incentive royalty relief RUBIN short-term Sims spill Subcommittee Terry O'Connor testimony Thank tion Utah Wyoming
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Страница 29 - Government in the national interest to foster and encourage private enterprise in the development of economically sound and stable domestic mining, minerals. metal, and mineral reclamation industries...
Страница 38 - Providing Access to Essential Capital Because oil and natural gas exploration and production are capital intensive and high-risk operations that must compete for capital against more lucrative investment choices, much of its capital comes from its cash flow. The federal tax code and royalty policies play a critical role in determining how much capital will be retained. The Administration and Congress need to enact provisions designed to (1) encourage new production, (2) maintain existing production,...
Страница 33 - Gas study concluded: The estimated natural gas resource base is adequate to meet this increasing demand for many decades . . . However, realizing the full potential for natural gas use in the United States will require focus and action on certain critical factors. Much of the nation's natural gas underlies government-controlled land both offshore and onshore. Policies in these areas have constrained or prohibited access largely based on fears of environmental harm.
Страница 17 - Service to conduct an inventory of the oil and natural gas resources on Federal lands and the restrictions that prevent access to these critical resources. We urge Congress to fully fund this inventory in the FY 2002 appropriations bill so that adequate information will be available on resource availability. This is an important step in bringing about increased development of US oil and gas resources and an important component in any effective national energy policy.
Страница 34 - California is prohibited by moratoria. President Clinton extended these moratoria for another ten years in 1998 saying, "First, it is clear we must save these shores from oil drilling." This is a flawed argument ignoring the state of current technology. It results in these moratoria preventing natural gas development as well as oil. In fact, both the Eastern Gulf and the Atlantic reserves are viewed as gas reserve areas, not oil.
Страница 40 - In the region, to consider modifications where appropriate. + The NEPD Group recommends that the President direct the Secretary of the Interior to consider economic Incentives for environmentally sound offshore oil and gas development where warranted by specific circumstances: explore opportunities for royalty reductions, consistent with ensuring a fair return to the public where warranted for enhanced oil and gas recovery; for reduction of risk associated with production In frontier areas or deep...
Страница 41 - ... American people, recognizing that to do so our country must fully integrate its energy, environmental, and economic policies. Applying these principles, we urge action to meet five specific national goals. America must modernize conservation, modernize our energy infrastructure, increase energy supplies, accelerate the protection and improvement of the environment, and increase our nation's energy security.
Страница 36 - The NEPD Group recommends that the President direct the Secretaries of Commerce and Interior to re-examine the current federal legal and policy regime (statutes, regulations, and Executive Orders) to determine If changes are needed regarding energy-related activities and the siting of energy facilities In the coastal zone and on the Outer Continental Shelf (OCS).
Страница 40 - ... continued growth. To achieve this level of capital investment, industry must be able to compete with other investment opportunities. This poses a challenge to all sectors of the industry, many of which have historically delivered returns lower than the average reported for Standard and Poors 500 companies. In fact, as the past year has shown, capital markets have not shifted to supporting the energy sector. For the industry to meet future capital demands — and meet the challenges of supplying...