Enhanced Oil Recovery Commercialization Act

[AI summary unavailable — showing source text] Enhanced Oil Recovery Commercialization Act - Amends the Federal Nonnuclear Energy Research and Development Act of 1974 to authorize the use of Federal loan guarantees to carry out the provisions of the Act. Authorizes the Secretary of Energy, after consultation with the Secretary of the Treasury, to gurantee the payment of interest on, the principal balance of, and obligations issued by or for borrowers for the purpose of financing the construction and startup costs of full scale facilities and to demonstrate new and improved methods of enhanced recovery of crude oil. Sets forth conditions to be qualified for such guarantees and requires the Secretary to review and approve plans for the construction and operation of any commerical demonstration program and related facilities constructed with assistance under this Act. Directs the Secretary to annually report to Congress on recommendations to implement a program of federal financial assistance to demonstrate full scale enhanced oil recovery production and conservation of energy, including a comprehensive plan to acquire information and evaluate the environmental, economic, social and technological impacts of the demonstration progr…