National Energy and Conservation Corporation Act

[AI summary unavailable — showing source text] National Energy and Conservation Corporation (AMPOWER) Act - Declares the finding of Congress that Government-sponsored exploration, development, investment in and production of petroleum reserves will increase petroleum production on public lands and tidelands. Establishes a National Energy and Conservation Corporation (AMPOWER) to achieve specified goals, including: (1) the exploration, development, and production of public lands and tideland oil, natural gas, oil shale, and coal either independently or in partnership with private industry; and (2) the acceleration of the creation and demonstration of specified technologies. Declares it to be the policy of Congress that costs of production of offshore oil and natural gas and the manufacture of liquid and gaseous fuels from oil shale and coal will be funded through appropriations should such costs exceed market prices. States that fuels produced by the Corporation shall be sold on the open market by competive bid, provided that 50 percent of the production shall be reserved for bids from publicly owned utilities and from State, county, municipal, and other government bodies. Provides a Board of Directors for the Corporation to con…