Resolution proposing the establishment of national energy program.

[AI summary unavailable — showing source text] Expresses the sense of the House that the United States is committed to an energy pricing, import, and tax policy which will: (1) limit the price of all new domestic crude oil to a level that reflects its long-term supply price (no more than $7 to $8 per barrel) rather than the dictates of the OPEC cartel as a major element in a concerted effort to control exorbitant prices, reduce domestic inflation, and prevent unreasonable profits by exporter governments and United States companies alike; and (2) reduce imports of high-cost foreign oil by one million barrels per day, and thereby combat inflation, and cut over $4,000,000,000 from our balance-of-payments deficit. Declares that the United States should adopt legislation which will: (1) extend the Emergency Petroleum Allocation Act; and (2) mandate a program of international and domestic contingency planning to deal with energy shortages at home and abroad. Declares that the United States should adopt a national energy conservation policy which will include mandatory provisions designed to: (1) result in a 30 percent improvement in automobile mileage in the 1976 model year and a 100 percent improvement by 1980; and (2) commit the Na…