§774 Reports and Recommendations

Summary

The Administrator must send a report to the President and Congress within one year after the law’s effective date. That first report must give a complete, independent look at actual oil and gas reserves and resources in the United States and on the Outer Continental Shelf. It must show current productive capacity and how much that capacity could grow for crude oil and each major petroleum product for each year over the next ten years if available technology is fully used. The report must also include recommendations for improving federal energy data and how it is collected. The Federal Trade Commission will prepare the data collection and analysis part. Unless a law forbids it, federal agencies must provide any estimates, statistics, or information needed. Starting May 7, 1974, the Administrator must send an annual report to Congress and the President every year. Each annual report must review major actions taken, explain their effects on civilian energy needs, project mid- and long-term supplies for major fuel types, and note possible shortages. It must recommend ways to reduce shortages, protect health and safety, keep production and jobs high, share shortages fairly, and avoid forcing people into unwanted choices. The report must also list who got federal funds and how much, summarize information-gathering activities under section 772, and analyze U.S. energy needs and ways to meet them, including tax and non-tax proposals and conservation. The first annual report after August 14, 1976 must specifically discuss the utility and relative benefits of a Btu tax. The Administrator must issue preliminary summer fuel-use guidelines within 30 days after the law’s effective date, provide interim reports to Congress when needed or requested, and include an energy-needs analysis that covers the next five fiscal years and the tenth fiscal year after the report year. If the Administration ends, the President must name a federal agency to keep doing that analysis.