American Energy Production and Price Reduction Act

[AI summary unavailable — showing source text] American Energy Production and Price Reduction Act - Expresses the sense of Congress that at no time shall Congress enact legislation that will lead to the increase of domestic energy prices. Amends the Submerged Lands Act to: (1) revise the seaward boundaries of states from three geographical miles to 12 nautical miles; and (2) retain as federal property all oil and gas mineral rights for lands beneath the navigable waters located within such expanded offshore state seaward boundaries. Amends the Outer Continental Shelf Lands Act (OCSLA) to revise requirements for: (1) the determination of Adjacent Zones and Planning Areas; (2) lease administration and granting of leases; and (3) treatment of receipts from tracts within specified miles of a state coastline. Revamps procedures for the reservation of lands and rights. Authorizes the President to revoke or revise prior withdrawals from leasing within certain areas of the Outer Continental Shelf (OCS). Revises the OCS leasing program. Prescribes a program for approval of pipeline construction (including a petroleum products pipeline) within part of an Adjacent State's Adjacent Zone. Cites conditions under which leases and exploration …