Energy Policy and Conservation Act Amendments

[AI summary unavailable — showing source text] Energy Policy and Conservation Act Amendments - Reformulates the purposes of the Energy Policy and Conservation Act (EPCA) so as to grant the President specific authority to fulfill U.S. obligations under the international energy program. Repeals its current purposes to: (1) reduce energy demand through implementation of energy conservation plans; (2) increase fossil fuel supply through price incentives and production requirements; and (3) reduce demand for petroleum products and natural gas through programs designed to enhance the use of domestic coal resources. (Sec. 3) Encompasses within EPCA jurisdiction an international energy supply shortage which the President determines to be of an emergency nature. (Sec. 4) Repeals the statutory incentive program to develop underground coal mines. Replaces prohibitions against lease bidding arrangements for oil and natural gas interests located on the Outer Continental Shelf by a major oil company affiliate, with the mandate that the Secretary of Energy (the Secretary) establish a program for setting joint bidding terms for exploration and development of crude oil, natural gas, and minerals located on such Shelf. Mandates that such program…