A joint resolution to alert the Nation to the pending national emergency resulting from the shortage of available domestic energy and to call for immediate legislative action to relieve the serious consequences on the Nation's consumers resulting from these shortages.

Expresses the sense of Congress, including that: (1) because of the critical economic role that energy plays, a comprehensive domestic and international approach to meeting energy problems in a realistic manner is immediately needed; (2) such a comprehensive energy policy neccessitates a dramatic increase in domestic energy production coupled with a reasoned attack on wasteful energy consumption; (3) vital national actions to increase domestic energy production require that the United States - (a) rapidly expand Outer Continental Shelf exploration and development with approriate environmental safequards; (b) lift price constraints on exploration and production of natural gas and other fossil fuels; (c) adopt policies which will encourage the most rapid development of alternative energy sources; and (d) adopt policies which insure adequate opportunity to provide for the massive capital formation required to attain timely domestic energy self-sufficiency; and (4) the reasoned nationwide attack on wasteful energy consumption requires - (a) enactment of energy conservation authority capable of significantly reducing consumption; (b) expanded Federal programs related to increasing the efficiency of energy uses; and (c) a mandatory impact study on energy consumption of planned Federal programs prior to program implementations.