A bill to amend the Energy Policy and Conservation Act for the purpose of improving national energy policy.

[AI summary unavailable — showing source text] Amends the Energy Policy and Conservation Act to authorize the President to establish a petroleum production rate from specified Naval Petroleum Reserves that is less than the maximum efficient rate and that takes into account energy security, petroleum price fluctuations, and long-term Federal revenue implications. Directs the President to establish a minimum sales price for such petroleum reserves based on a formula designed to prevent petroleum sales for prices: (1) significantly below prevailing market prices; or (2) below the petroleum acquisition cost for the Strategic Petroleum Reserve.…