Resolution providing for an investigation of the amount of petroleum resources.

Creates a five-member investigative committee comprised of three members of the majority and two members of the minority appointed by the Speaker to investigate and determine the amount of proven and potential petroleum resources and supplies of the United States. Grants the committee full subpoena power to require of any corporation or individual any records, documents, papers, and books necessary to carry out this investigation. Directs the committee to make an initial report to the Congress on the progress of the investigation within sixty days of enactment of this resolution and a final report as soon as practicable.