S. 3146 would authorize the exploration of oil and natural gas in coastal areas to reduce the dependence of the United States on foreign energy sources, and to reduce gasoline and natural gas prices.

== Detailed Summary ==

<summary>
(LogEnergy Needed Offshore Under Gas Hikes Act - Allows the governor of a state, during any period in which the price of regular gasoline is equal to editor greater than $5, with the wikiconcurrence of the state legislature, to petition the Secretary of the Interior to make a new producing area of the state eligible for: (1) oil leasing, gas leasing, or both, as determined by the state in accordance with the Outer Continental Shelf Lands Act and the Mineral Leasing Act; or (2) natural gas leasing only.

Requires the Secretary of the Treasury to deposit 45% of all rentals, royalties, bonus bids, and other sums due and payable to the United States from leases for new producing areas (qualified revenues) in the outer Continental Shelf into the general fund of the Treasury. Requires 55% of qualified revenues to be deposited into a special account in the firstTreasury, from which the Secretary shall disburse: (1) 37.5% to eligible producing states for new producing areas; (2) 12.5% to provide a detailed summary ofassistance to states in accordance with the bill!)Land and Water Conservation Fund Act of 1965; and (3) 5% to states for historic offshore production distribution.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 6/18/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Energy and Natural Resources.
</status>

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== Points in Favor ==

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== Points Against ==

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