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Energy
Policy Act of 2005
Introduction
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"This bill
will strengthen our economy and it will improve our environment, and it's
going to make this country more secure."
--President Bush
August 8, 2005 |
This Administration recognized the Nation's need
for a comprehensive energy policy as early as 2001 with the National Energy
Policy. When President Bush signed the
Energy Policy Act into law on August
8, 2005, he committed his Administration to implementing the tools for
"dependable, affordable, and environmentally sound production and
distribution of energy." As manager of many of the
onshore and offshore resources encompassed in the Energy Policy Act, the
Department of the Interior plays a major role in implementing this
legislation.
Four points from the President's
Energy Policy are at the heart of this initiative:
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We must learn to conserve more
and be more efficient in our use of energy;
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We must develop alternative
sources of energy to supplement and eventually replace the fossil fuels;
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We must diversify our choice of
energy supply so as not to be at the mercy of any one or two given
countries for our imports; and
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We must increase our domestic
production of oil and natural gas.
 The Energy Policy Act sends a
strong message of support to energy producers: development of U.S. energy is
a high national priority. The
Department of the Interior plays a major role in this because it manages a
significant share of the nation's energy resources. Interior-managed onshore and
offshore resources are responsible for 30 percent of natural gas and oil, 43
percent of
coal, half of all geothermal, 17 percent of hydropower and 10 percent of all wind energy
produced in the United States. The
Gulf of Mexico alone provides 27 percent of the oil and 20 percent of the natural gas
produced in the United States. (And with new deepwater production in the next
5 years, this is expected to increase.)
This web page serves as a gateway
into all MMS information about the Energy Policy Act of 2005. We expect this
page to change and grow as new information, initiatives, and programs are
developed. Check back often.
MMS Defers Action on Rulemakings for Gas
Production from Gas Hydrates and Enhanced Oil Recovery through Carbon
Dioxide Injection
The Energy
Policy Act of 2005 (EPACT), Sections 353 and 354, provide that the
Secretary of the Interior shall conduct a rulemaking and grant royalty
relief if it is determined that the royalty relief would encourage
production of natural gas from gas hydrate resources and enhanced
recovery of oil from the injection of carbon dioxide. The Bureau of
Land Management and the Minerals Management Service concluded that the
EPACT royalty relief provisions would not result in additional natural
gas production from gas hydrates and MMS concluded
that the royalty incentives for enhanced oil recovery through carbon
dioxide injection would not lead to increased production from Outer
Continental Shelf leases. Accordingly,
on August 4, 2006, the Acting Assistant Secretary, Land and Minerals
Management, signed determinations deferring MMS action on the
rulemakings described in EPACT Sections 353 and 354.
(08/04/06)
Section 353 of the Energy Policy Act of 2005
(excerpt)
(78 KB PDF file)
Section 353 relates to promoting natural gas production from hydrate
resources on the OCS and Federal lands in Alaska
Report
to Congress: Gas Hydrate Production Incentive--Review
(Section 353 (e)):
Implementing EPAct in MMS
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Last Updated:
03/28/2008,
02:36 PM Central
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