Energy Supply Act

[AI summary unavailable — showing source text] Energy Supply Act - Title I: Findings and Purposes - States that the purpose of this Act shall be to increase domestic production of oil and natural gas in order to assure material prosperity and national security, reduce dependence on unreliable foreign sources, and assist in maintaining a favorable balance of payments. Title II: Increased Production of Outer Continental Shelf Energy Resources - States that Congress declares it to be the policy of the United States that prior to 1985 all Outer Continental Shelf lands determined to be both geologically favorable for the accumulation of oil and gas capable of supporting oil and gas development without undue environmental hazard or damage should be made available for leasing as soon as practicable after that determination is made. Directs the Secretary of the Interior to conduct a survey program regarding oil and gas resources of the Outer Continental Shelf. Directs the Secretary to prepare and publish a series of topographic, geological, and geophysical maps and reports on the Outer Continental Shelf. Makes appropriations for such surveys, reports, and maps for fiscal 1975-1976. Directs the Secretary to carry out a research and deve…