Hill Heat

The Senate will resume consideration of the motion to proceed to S. 3044, a bill to provide energy price relief and hold oil companies and other entities accountable for their actions with regard to high energy prices, and for other purposes; provided, that there be one hour for debate prior to the cloture vote, equally divided and controlled between the two Leaders or their designees, with the final 20 minutes equally divided between the two Leaders or their designees, with the Majority Leader controlling the final 10 minutes prior to the cloture vote on the motion to proceed.

In addition, cloture has been filed on H.R. 6049, an act to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.

• Abdalla Salem El-Badri, secretary general of the Organization of Petroleum Exporting Countries

Tensions are expected to be high Thursday, with Abdalla Salem El-Badri, secretary general of OPEC, invited to testify before the House Judiciary Committee.

The secretary general’s appearance will likely come after the House approves “NOPEC” legislation, a largely symbolic effort to sue OPEC nations for price fixing.

Chairman John Conyers (D-Mich.) and other members will likely question El-Badri over OPEC’s considerable role in the global oil market as well as President Bush’s recent meeting with Saudi leaders to urge them to release additional oil onto the global market.

Several energy analysts, however, say U.S. lawmakers hold little sway with OPEC officials and that calls for OPEC members to increase production is hypocritical given the opposition to increases in domestic drilling.

“We’re not willing to produce more so we are a bad example in terms of resource nationalism,” Lucian Pugliaresi, president of Energy Policy Research Information, told a House panel this month.

Beutel made a similar observation Friday. “We don’t really have the moral high ground when it comes to calling for increased production,” he said.

• David Sandalow, Esq., Senior Fellow, Brookings Institution
• Anne Korin, Co-director, Institute for the Analysis of Global Security
• Mr. Paul J. Saunders, Executive Director, The Nixon Center

As oil and gas hit new records above $128 a barrel and $3.78 this week, many analysts are predicting even further increases in the price of gasoline as we edge towards the travel months of summer. To explore the Bush administration’s contributions to this energy crisis and the administration’s refusal to respond, Chairman Edward J. Markey (D-Mass.) and the Select Committee on Energy Independence and Global Warming announced today that Secretary of Energy Stephen Bodman will testify before the Committee on Thursday, May 22, as Americans prepare for the Memorial Day weekend, the beginning of the summer driving season.

Chairman Markey will also seek answers from Secretary Bodman on why the Bush administration continues to defend $18 billion in tax breaks to the top five most profitable oil companies that House Democrats want to redirect to fund renewable energy that could help consumers.

• Samuel Bodman, Secretary, U.S. Department of Energy

• Robert A. Malone, Chairman and President, BP America Inc.
• John Hofmeister, President, Shell Oil Company
• Peter J. Robertson, Vice Chairman of the Board, Chevron Corporation
• John E. Lowe, Executive Vice President, ConocoPhillips Company
• J. Stephen Simon, Senior Vice President, Exxon Mobil Corporation

• Raymond Orbach, Under Secretary for Science, Department of Energy
• Alexander Karsner, Assistant Secretary for Energy Efficiency and Renewable Energy, Department of Energy
• David Frantz, Director, Office of Loan Guarantees, Department of Energy

This event will feature presentations by leading thinkers on energy policy from the U.S. government (state and federal), universities, and the private sector, as well as international perspectives. It will take place in the main auditorium of the National Academy of Sciences building at 2100 C Street, NW, in Washington DC. This event will serve to develop information for the Academies’ ongoing study, America’s Energy Future: Technology Opportunities, Risks and Tradeoffs, and to stimulate discussion among leading thinkers with diverse points of view on energy issues as the 2008 U.S. elections approach.

The Summit will include presentations addressing three major energy themes: Energy Security; Energy and the Economy; and Energy and the Environment. During the sessions, the analyses and results of key recent energy studies will be presented by principals from:

• Council on Foreign Relations
• Electric Power Research Institute
• InterAcademy Council
• International Energy Agency
• Massachusetts Institute of Technology
• McKinsey Global Institute
• National Commission on Energy Policy
• National Petroleum Council
• National Research Council
• Rocky Mountain Institute
• U.S. Climate Change Science and Technology Program
• U.S. Department of Energy

In each session, there will also be time provided for participants to ask questions to a roundtable of speakers. The preliminary agenda will be posted by mid-January. This event is expected to be very full – please register early (free) if you’d like to attend. If you have any questions, please contact us at energysummit at nas.edu.