cific discussion of the utility and relative benefits of employing a Btu tax as a means for obtaining national energy goals.". (c) Section 15 of such Act (as amended by this section) is further amended by adding at the end thereof the following: "(e) The analysis referred to in subsection (b) (6) shall include, for each of the next five fiscal years following the year in which the annual report is submitted and for the tenth fiscal year following such year "(1) the effect of various conservation programs on such energy needs; "(2) the alternate methods of meeting the energy needs identified in such annual report and of— "(A) the relative capital and other economic costs of each such method; "(B) the relative environmental, national security, and balance-of-trade risks of each such method; "(C) the other relevant advantages and disadvantages of each such method; and "(3) recommendations for the best method or methods of meeting the energy needs identified in such annual report and for legislation needed to meet those needs. Notwithstanding the termination of this Act, the President shall designate an appropriate Federal agency to conduct the analysis specified in subsection (b) (6).”. (d) Section 18(d) of the Federal Energy Administra- 15 USC 777. tion Act of 1974 is amended by striking out "a report every six months" and inserting in lieu thereof "an annual report". AUTHORIZATIONS OF APPROPRIATIONS 15 USC 761 SEC. 110. [Amends section 29 of the Federal Energy note. Administration Act of 1974, which appears in this compilation.] COLLECTION OF INFORMATION CONCERNING EXPORTS OF COAL SEC. 111. [Amends section 25 of the Federal Energy Administration Act of 1974, which appears in this compilation, by adding a new subsection (d).] FEDERAL ENERGY ADMINISTRATION ACT EXTENSION 15 USC 784. note. SEC. 112. (a) The second sentence of section 30 of the 15 USC 761 Federal Energy Administration Act of 1974 is amended to read as follows: "This Act shall terminate December 31, 1977.". (b) The amendment made by subsection (a) to section 30 of the Federal Energy Administration Act of 1974 shall take effect on July 30, 1976. Effective date. 15 USC 761 note. 15 USC 757. 15 USC 757. PROJECT INDEPENDENCE EVALUATION SYSTEM DOCUMENTATION AND ACCESS SEC. 113. [Amends the Federal Energy Administration Act of 1974, which appears in this compilation, by adding a new section 31.] PART B-PRODUCTION ENHANCEMENT AND OTHER EXEMPTION OF STRIPPER WELL PRODUCTION SEC. 121. [Amends section 8 of the Emergency Petroleum Allocation Act of 1973, which appears in this compilation, by adding a new subsection (i).] · ENHANCEMENT OF DOMESTIC PRODUCTION SEC. 122. Section 8 of the Emergency Petroleum Allocation Act of 1973 (as amended by section 121 of this Act) is further amended (1) in subsection (d) (1), by striking out "any adjustment as a production incentive shall not permit an increase in the maximum weighted average first sale price in excess of 3 per centum per annum (compounded annually), unless modified pursuant to this section, and"; (2) in subsection (d) (3) (C), by striking out ", including production from stripper wells"; (3) in subsection (e) (1), by striking out “(A) a production incentive adjustment to the maximum weighted average first sale price in excess of the 3 per centum limitation specified in subsection (d) (1), (B)", and by striking out "such subsection, or (C) both.", and inserting in lieu thereof "subsection (d) (1)."; (4) in subsection (e) (2), by striking out "an additional adjustment as a production incentive, or", and by striking out ", or both,”; (5) in subsection (f) (1), by adding before the period at the end thereof the following: "and an analysis of the effects on price and the production of domestic crude oil resulting from the amendments made to this section by sections 121 and 122 of the Energy Conservation and Production Act"; (6) in subsection (f) (2), by striking out "The President may" and inserting in lieu thereof “On March 15, 1977, the President may"; (7) in subsection (f) (2) (A), by striking out "or modification", and by striking out "as may have been amended pursuant to subsection (e)"; (8) in subsection (f) (5), by striking out "or modify", and by striking out "or of a modification of such adjustment"; and (9) by adding at the end thereof the following new subsection: "(j) (1) As soon as practicable after the date of enactment of this subsection, taking into consideration the greater flexibility provided by the amendments relating to the production incentive adjustment under section 122 of the Energy Conservation and Production Act, the President shall promulgate such amendments to the regulation under section 4 (a) (relating to price) as shall (A) provide additional price incentives for bona fide tertiary enhanced recovery techniques and (B) provide for the adjustment of differentials in ceiling prices for crude oil that are the result of gravity differentials which are arbitrary, discriminatory, applied on a regional or local basis without reasonable justification, or fail substantially to reflect current relative market valuations of such differentials. "(2) As used in this subsection, the term 'tertiary enhanced recovery techniques' means extraordinary and high cost enhancement technologies of a type associated with tertiary applications including, to the extent that such techniques would be uneconomical without additional price incentives, miscible fluid or gas injection, chemical flooding, steam flooding, microemulsion flooding, in situ combustion, cyclic steam injection, polymer flooding, and caustic flooding and variations of the same. The President shall have authority to further define the term by rule.". CONSTRUCTION OF REFINERIES BY SMALL AND INDEPENDENT REFINERS 15 USC 753. "Tertiary entechniques." hanced recovery Rule. note. SEC. 123. (a) It is the intent of the Congress that, for 15 USC 753 the purpose of fostering construction of new refineries by small and independent refiners in the United States, the Administrator of the Federal Energy Administration shall take such action, within his authority under other law consistent with the attainment, to the maximum extent practicable, of the objectives under section 4 (b) (1) (D) of the Emergency Petroleum Allocation Act of 1973, 15 USC 753. as the Administrator determines necessary to insure that rules, regulations, or orders issued by him do not impose unreasonably, unnecessary, or discriminatory barriers to entry for small refiners and independent refiners. Congress. (b) Not later than April 1, 1977, the Administrator Report to shall report to the Congress with respect to actions taken to carry out the policies in subsection (a). (c) For the purposes of this section the terms "small refiner" and "independent refiner" have the same meaning as such terms have under the Emergency Petroleum Allocation Act of 1973. "Small refiner" and "independ ent refiner." 15 USC 757 note. 15 USC 790 note. 15 USC 761 note. 15 USC 790 note. 15 USC 761 note. 42 USC 6295. EFFECTIVE DATE OF EPAA AMENDMENTS SEC. 124. The amendments made to section 8 of the Emergency Petroleum Allocation Act by section 122 of this Act shall take effect on the date of enactment of this Act. The amendments made to section 8 of such Act by section 121 of this Act shall take effect on the first day of the first full month which begins after the date of enactment of this Act. PART C-OFFICE OF ENERGY INFORMATION AND ANALYSIS FINDINGS AND PURPOSE SEC. 141. (a) The Congress finds that the public interest requires that decisionmaking, with respect to this Nation's energy requirements and the sufficiency and availability of energy resources and supplies, be based on adequate, accurate, comparable, coordinated, and credible energy information. (b) The purpose of this title is to establish within the Federal Energy Administration an Office of Energy Information and Analysis and a National Energy Information System to assure the availability of adequate, comparable, accurate, and credible energy information to the Federal Energy Administration, to other Government agencies responsible for energy-related policy decisions, to the Congress, and to the public. OFFICE OF ENERGY INFORMATION AND ANALYSIS SEC. 142. [Amends the Federal Energy Administration Act of 1974, which appears in this compilation, by inserting "PART A-FEDERAL ENERGY ADMINISTRATION" after the enacting clause and by adding a new part B.] EFFECTIVE DATE SEC. 143. The amendments made by this part C to the Federal Energy Administration Act of 1974 shall take effect 150 days after the date of enactment of this Act, except that section 56 (c) of the Federal Energy Administration Act of 1974 (as added by this part) shall take effect on the date of enactment of this Act. PART D-AMENDMENTS TO OTHER ENERGY-RELATED LAW APPLIANCE PROGRAM SEC. 161. (a) Section 325 (a) (1) (A) of the Energy Policy and Conservation Act is amended to read as follows: "(a)(1)(A) The Administrator shall direct the National Bureau of Standards to develop an energy efficiency improvement target for each type of covered prod Rule. uct specified in paragraphs (1) through (10) of section 42 USC 6292. 322 (a). Not later than 90 days after the date of enactment of the Energy Conservation and Production Act, the Administrator shall, by rule, prescribe an energy efficiency improvement target for each such type of covered product." (b) Section 325 (a) (2) of such Act is amended by striking out the first sentence and inserting in lieu thereof the following: "(2) The Administrator shall direct the National Bureau of Standards to develop an energy efficiency improvement target for each type of covered product specified in paragraphs (11), (12), and (13) of section 322 (a). Not later than one year after the date of enactment of this Act, the Administrator shall, by rule, prescribe an energy efficiency improvement target for each such type of product.". Rule. ENERGY RESOURCES COUNCIL REPORTS SEC. 162. (a) Section 108 (b) of the Energy Reorganization Act of 1974 is amended (1) by striking out "and" at the end of paragraph 42 USC 5818. (2); (2) by striking out the period at the end thereof and inserting in lieu thereof a semicolon; and (3) by adding at the end thereof the following new paragraphs: "(4) prepare a report on national energy conservation activities which shall be submitted to the President and the Congress annually, beginning on July 1, 1977, and which shall include "(A) a review of all Federal energy conservation expenditures and activities, the purpose of each such activity, the relation of the activity to national conservation targets and plans, and the success of the activity and the plans for the activity in future years; "(B) an analysis of all conservation targets established for industry, residential, transportation, and public sectors of the economy, whether the targets can be achieved or whether they can be further improved, and the progress toward their achievements in the past year; Report to President and Congress. "(C) a review of the progress made pursuant "(D) a review of the principal conservation 6321-6326. |