Oil Dependency on Foreign Resources bill

National Energy Security Act of 2000 - Title I: Energy Security Actions Required of the Secretary of Energy - Directs the Secretary of Energy (the Secretary) to report annually to the President and Congress on the progress the United States has made toward obtaining the goal of not more than 50 percent dependence on foreign oil sources by 2010.

(Sec. 102) Sets a deadline for the Secretary to submit to the President a certain report of the National Petroleum Council, together with recommendations for administrative or legislative actions.

(Sec. 103) Directs the Secretary to establish within the National Economic Council an Interagency Work Group on Natural Gas (the Group), whose function shall be to develop a strategy and comprehensive policy for the use of natural gas as an essential component of overall national objectives of energy security, economic growth, and environmental protection.

Title II: Amendments to Energy Policy and Conservation Act and Actions Affecting the Strategic Petroleum Reserve - Amends the Energy Policy and Conservation Act (EPCA) to authorize drawdown and distribution of the Strategic Petroleum Reserve (SPR) if: (1) the President concurs in the determination of the Secretary of Defense that it will not impair national security; and (2) the Secretary of Energy finds that it will not have an adverse effect on the domestic petroleum industry.

(Sec. 201) Extends through FY 2003 the availability of FY 2000 appropriations for SPR authorities. Extends the expiration date for authorities related to domestic supply availability from March 31, 2000, to December 31, 2003.

(Sec. 202) Extends from FY 1997 through 2003 the authorization of appropriations for the interagency working group that coordinates Federal programs affecting exports of renewable energy and energy efficiency products and services. Extends the expiration date for standby energy authorities from March 31, 2000, to December 31, 2003.

(Sec. 203) Instructs the President to establish immediately an Interagency Panel on the Strategic Petroleum Study to study and report to the President and Congress regarding oil markets and estimated future fluctuations in the price, supply, and demand for crude oil, and to determine appropriate SPR capacity and use.

Title III: Provisions to Protect Consumers and Low Income Families and Encourage Energy Efficiencies - Amends the Energy Conservation and Production Act to repeal: (1) the requirement that participating States share 25 percent of the cost of weatherization programs as a condition for receiving assistance grants; and (2) the mandate that forty percent of weatherization program funds be spent for weatherization program materials. Instructs the Secretary to establish energy audit procedures and techniques. Increases the financial assistance for labor and weatherization materials expenditures per dwelling unit. Includes among such weatherization materials heating and cooling modification costs, including replacement.

(Sec. 301) Repeals the mandate for the Secretary to establish, pursuant to State application, a separate average per dwelling unit limitation.

(Sec. 302) Amends the EPCA to direct the Secretary, upon State request, to provide information, technical assistance, and funding for specified actions (summer fill programs) to avoid severe seasonal price increases and supply shortages of kerosene, propane, and heating oil during summer months.

(Sec. 303) Authorizes appropriations for an Energy Efficiency Science Initiative, managed by the Assistant Secretary for Energy Efficiency and Renewable Energy, for grants for energy efficiency research.

(Sec. 304) Authorizes the Secretary to establish, maintain, and operate a Northeast Home Heating Oil Reserve (Reserve) (containing no more than two million barrels of petroleum distillate) in the Northeast. States that such Reserve shall not be considered to be an SPR component. Restricts release of Reserve petroleum distillate to: (1) a severe energy supply disruption; (2) a severe price increase; or (3) an emergency affecting the Northeast which the President determines to merit such release.

Mandates establishment of the Northeast Home Heating Oil Reserve Account in the Treasury subsequent to the Secretary's decision to establish the Reserve.

Authorizes appropriations.

Title IV: Provisions to Enhance the Use of Domestic Energy Resources - Subtitle A: Hydroelectric Resources - Directs the Secretaries of the Interior and of the Army, respectively, to inventory all dams, impoundments, and other facilities under their jurisdiction and to report to Congress on the potential of such facilities to generate hydroelectric power and on actions planned to do so.

(Sec. 402) Directs the Federal Energy Regulatory Commission (FERC) to report to Congress on expedited hydroelectric licensing procedures.

Subtitle B: Nuclear Resources - Directs the Chairman of the Nuclear Regulatory Commission to report to Congress on: (1) domestic nuclear power generation and production; and (2) the potential for increasing nuclear generating capacity and production as part of the domestic energy mix.

Subtitle C: Development of a National Spent Nuclear Fuel Strategy - Establishes an Office of Spent Nuclear Fuel Research within the Office of Nuclear Energy Science and Technology of the Department of Energy, headed by an Associate Director, to implement an integrated research and development program on technologies for the treatment, recycling, and disposal of high-level nuclear radioactive waste and spent nuclear fuel, under the general supervision of the Secretary. Confers upon the Secretary grant and contract making authority.

Subtitle D: Coal Resources - Directs the Secretary to: (1) report to Congress on the potential for increased generation from existing coal-fired power plants; and (2) provide grants for refinement and demonstration of new technologies for the conversion of coal to liquids.

Title V: Arctic Coastal Plain Domestic Energy Security Act of 2000 - Arctic Coastal Plain Domestic Energy Security Act of 2000 - Instructs the Secretary of the Interior to establish and implement a competitive oil and gas leasing program that will: (1) result in an environmentally sound program; (2) not result in significant adverse effects upon fish and wildlife; and (3) ensure the receipt of fair market value by the public for the mineral resources to be leased.

(Sec. 503) Amends the Alaska National Interest Lands Conservation Act of 1980 to repeal the prohibition against production of oil and gas from the Arctic National Wildlife Refuge, and any leasing or development leading to such production.

States that Congress determines that the Coastal Plain oil and gas leasing program and activities authorized by this Act are compatible with the purposes for which the Arctic National Wildlife Refuge was established, and that no further findings or decisions are required to implement this determination.

States this Act is the sole authority for Coastal Plain leasing, and that such Plain is considered "Federal land" for purposes of the Federal Oil and Gas Royalty Management Act of 1982.

Authorizes the Secretary to: (1) designate up to a specified total of Coastal Plain acreage as "Special Areas" and close them to leasing if the Secretary determines that these Areas require special management and regulatory protection; and (2) permit leasing in those Special Areas by setting lease terms that limit or condition surface use and occupancy by lessees but permit the use of horizontal drilling technology from sites on leases located outside the designated Special Areas.

Declares that this Act constitutes the Secretary's sole authority to close Coastal Plain lands to oil and gas leasing and to exploration, development, and production. Instructs the Secretary to convey the surface estate of specified lands to the Kaktovik Inupiat Corporation and to the Arctic Slope Regional Corporation in order to remove clouds on title and clarify land ownership patterns within the Coastal Plain.

(Sec. 505) Declares that the Final Legislative Environmental Impact Statement on the Coastal Plain of April 1997 is adequate to satisfy the requirements of the National Environmental Policy Act of 1969.

(Sec. 506) States that lands may be leased to any person qualified to obtain a lease for oil and gas deposits under the Mineral Leasing Act. Requires the Secretary to prescribe lease procedures.

(Sec. 507) Authorizes the Secretary to grant to the highest responsible qualified bidder by sealed competitive cash bonus bid any Coastal Plain lands upon payment of such bonus and a royalty which shall not be less than a certain amount. Prescribes lease terms and conditions. Sets forth bonding requirements to ensure financial responsibility of lessee and avoid Federal liability.

(Sec. 512) Directs the Secretary to grant rights-of-way and easements across the Coastal Plain for oil and gas transportation.

(Sec. 513) Requires the Secretary to promulgate regulations to provide for: (1) biannual scheduled onsite inspections for compliance of Coastal Plain facilities with environmental or safety regulations; and (2) annual nonscheduled onsite inspections of such facilities.

Title VI: Improvements to Federal Oil and Gas Lease Management - Federal Oil and Gas Lease Management Improvement Act of 2000 - Emphasizes that this Act does not give a State a property right or interest in any Federal lease or land.

Subtitle A: State Option to Regulate Oil and Gas Lease Operation on Federal Land - Permits a State to notify either the Secretary of the Interior or the Secretary of Agriculture (depending upon the appropriate jurisdiction) of its intent to accept authority for regulation of certain oil and gas lease operations on Federal land within such State. Declares an automatic transfer of regulatory authority over designated operations from the appropriate Secretary to the State effective 180 days following receipt of such notification. Bars a Federal agency from exercising authority formerly held by such Secretary with respect to oil and gas lease operations on Federal land.

Subtitle B: Use of Cost Savings from State Regulation - Prescribes guidelines to compensate a State for the costs of implementing such transferred authority.

Subtitle C: Streamlining and Cost Reduction - Bars the appropriate Secretary from recovering costs for applications and other documents relating to oil and gas leases.

(Sec. 632) Requires the Secretary to ensure: (1) timely issuance of Federal agency decisions respecting oil and gas leasing and operations on Federal land; and (2) that unwarranted denials and stays of lease issuance and unwarranted restrictions on lease operations are eliminated from the administration of oil and gas leasing on Federal land.

(Sec. 635) Directs the Secretary of the Interior to publish a national inventory of oil and gas reserves and potential resources underlying Federal land and the Outer Continental Shelf.

Subtitle D: Federal Royalty Certainty - Amends the Outer Continental Shelf Lands Act and the Mineral Leasing Act pertaining to oil and gas leases to reformulate the payment of their respective lease royalties. Exempts Indian lands from such reformulation.

Subtitle E: Royalty Reinvestment in America - Directs the appropriate Secretary, whenever certain crude oil or natural gas prices dip below a specified level, to allow as a credit against the payment of Federal oil and gas production royalties, a specified percentage of expenditures made for capital exploration and development on Federal oil and gas leases.

(Sec. 651) Prohibits capital expenditures made on Outer Continental Shelf leases from being credited against onshore Federal royalty obligations.

(Sec. 652) Instructs the appropriate Secretary to reduce the royalty rate for marginal oil and gas production following prescribed guidelines whenever certain crude oil or natural gas prices dip below a specified level.

(Sec. 653) Prescribes procedural guidelines under which any operator of an oil well leased under specified statutes may notify the Secretary of the Interior of suspension of operation and production at the well.

Title VII: Frontier Oil and Gas Exploration and Development Incentives - Frontier Exploration and Development Incentives Act of 2000 - Amends the Outer Continental Shelf Lands Act governing bidding procedures for oil and gas leases to set a certain net profit royalty share for oil and gas production in the Beaufort Sea and Chukchi Sea Planning Areas of Alaska.

(Sec. 702) Requires the Secretary of the Interior to reduce any future royalty or rental obligation by a specified percentage after an oil and gas lease has been granted pursuant to the statutory bidding system.

Title VIII: Tax Measures to Enhance Domestic Oil and Gas Production - Subtitle A: Marginal Well Preservation - Marginal Well Preservation Act of 2000 - Amends the Internal Revenue Code (IRC) to specify a tax credit for marginal domestic oil and natural gas well production.

(Sec. 803) Authorizes taxpayer election to expense geological and geophysical expenditures and to delay rental payments for domestic oil and gas wells.

Subtitle B: Independent Oil and Gas Producers - Amends the IRC to: (1) set forth a five-year net operating loss carryback for losses attributable to operating mineral interests of independent oil and gas producers; and (2) suspend through 2004 the limitation on the total amount of the depletion allowance to 65 percent of taxable income.

Title IX: Tax Measures to Enhance the Use of Renewable Energy Sources, Improve Energy Efficiencies, Protect Consumers and Conversion to Clean Burning Fuels - Amends the IRC to: (1) set forth placed-in-service rules and special rules for biomass facilities; (2) deny renewable electricity production credit to electricity sold to utilities under certain contracts; (3) exclude from gross income as contributions to capital certain amounts received by electric energy, gas, or steam utilities; (4) extend the credit for electricity produced from steel cogeneration; (5) declare certain expense limitations on depreciable business assets inapplicable to a storage facility used in connection with home heating oil distribution; and (6) establish a tax credit for certain percentages of residential solar energy photovoltaic and solar water heating property expenditures.