National Energy Corporation Act

[AI summary unavailable — showing source text] National Energy Corporation Act - Amends the Department of Energy Organization Act to establish an independent instrumentality of the United States to be known as the National Energy Corporation, which shall be a wholly owned government corporation. Authorizes the Corporation to: (1) explore for oil, natural gas, coal, and uranium on Federal lands and on lands under the ownership or control of Federal agencies, and to inventory the production capability of such lands for such energy resources; (2) develop, import, purchase, store, transfer, and sell such energy resources; (3) engage in research, development, and demonstration of improved methods of discovering and utilizing such energy resources; and (4) engage in other specified activities relating to energy resources and development, using the most advanced environmentally sound methods and technologies. Directs the Corporation to establish priorities among its activities so as to alleviate actual or anticipated shortages of oil, natural gas, coal, or uranium, and their derivatives; to maximize competition among energy industries; to maintain the best export prices of United States coal and uranium; to give preference to the purc…