Omnibus Energy and Natural Resources Reorganization Act

[AI summary unavailable — showing source text] Omnibus Energy and Natural Resources Reorganization Act - Declares it the purpose of this Act to reorganize Federal energy-related activities in order to provide mechanisms for the development and implementation of a national energy policy where energy conservation is as important as energy supply. Title I: Energy Policy Formulation Act - Establishes an Energy Policy Council in the Executive Office of the President. Directs the Council to: (1) assist the President in the preparation of an annual energy report to the Congress; (2) develop and recommend policies and programs involving energy supply and conservation for use in the Federal branch; and (3) make studies, reports, and investigations relating to national energy policy. Stipulates that the Commission shall terminate three years after the date on which the last of the initial three members is appointed. Creates a Cabinet-level Committee on Conservation in the Executive Office of the President, to be chaired by the Chairman of the Energy Policy Council. Directs the Committee to advise the President with respect to Federal energy conservation policy. Directs the Committee to make an annual report to the President on Federal en…