Citing oil exports of 1.25 m. barrels/day, which supply 70% of Iran’s revenue from international trade, this bill would create ‘Iranian Oil Replacement Zones’ in the U.S. to which the president would allocate federal land of his choice. The purpose of such zones would be to produce and transport up to 1.25 m. barrels per day of oil to replace current Iranian supply to the international oil market. These zones would not be subject to judicial review and could span multiple states.
13 cosponsors (13R).
Last major action: 5/15/13 referred to Senate Cmte. on Energy and Natural Resources.