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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: J_F_Shepard who wrote (1739)	8/17/2008 5:34:50 PM
From: Brumar89	Read Replies (1) \| Respond to of 86356

You are confused. This is the relevant part of Obama's bill: SEC. 101. TERMINATION OF CERTAIN PROVISIONS OF THE ENERGY POLICY ACT OF 2005. (a) In General- The following provisions of the Energy Policy Act of 2005 are repealed as of the date of enactment of this Act: (1) Section 343 (42 U.S.C. 15903) (relating to marginal property production incentives). (2) Section 344 (42 U.S.C. 15904) (relating to incentives for natural gas production from deep wells in the shallow waters of the Gulf of Mexico). (3) Section 345 (42 U.S.C. 15905) (relating to royalty relief for deep water production). (4) Section 346 (Public Law 109-58; 119 Stat. 794) (relating to Alaska offshore royalty suspension). (5) Section 357 (42 U.S.C. 15912) (relating to comprehensive inventory of OCS oil and natural gas resources). govtrack.us So Obama's bill repeals the comprehensive inventory called for by the 2005 energy bill. Obama's bill is not enacted yet. The second link you listed is current law - enacted by the 2005 energy bill - calling for the comprehensive inventory. Its what Obama's bill would repeal. Here is your link - do you see the "usc_sec_42_00015912"? law.cornell.edu You'll see the same designation in the bolded section of Obama's bill I copied above. Of course the problem with the 2005 energy act is that although it calls for a comprehensive inventory it doesn't authorize any money to conduct an up to date inventory. As Murdock's article said: In 2005, Congress mandated new, quintennial inventories, then gave Interior six months and $0.00 to assess how much oil and natural gas undergird the 1.76 billion-acre Outer Continental Shelf — a laughably impossible task.