This report discusses the technology base for processing oil shale, the outlook and constraints facing potential shale oil producers, the environmental and regulatory concerns associated with shale development.

Omnibus energy legislation (H.R. 4) that is now in conference would expand energy tax incentives significantly. The House passed the bill on August 2, 2001, and the Senate approved its version April 25, 2002. Several energy tax issues are addressed in these bills: 1) tax incentives to increase the supply of oil and gas, and the demand for coal; 2) energy tax issues relating to energy conservation and energy efficiency; 3) energy tax issues relating to alternative fuels; 4) selected issues relating to electricity restructuring; and 5) expiring energy tax provisions.

This report discusses about energy tax policy. U.S energy tax policy promoted the supply of oil and gas but witnessed significant cutback, imposition of new excise taxes on oil and introduction of numerous tax preferences for energy conservation.

Growing populations and changing values continue to place increasing demands on water supplies and river systems, resulting in water use and management conflicts throughout the country. Recent conflicts are particularly evident in the West, where the population is expected to increase 30% in the next 20-25 years and where agricultural needs are often in direct conflict with urban needs, as well as with water demand for threatened and endangered species, recreation, and scenic enjoyment.

None