During its first six months, the Administration has reformulated energy policy guidelines within the context of its overall Economic Recovery program. This new national energy policy (of which Executive Branch action is but one part) will continue to develop and to be refined; it will not be tied to a static and unresponsive plan. This document defines the approach for reformulation of policy, and it presents the current energy outlook of the Nation. It is submitted to Congress in accordance with the requirements of Section 801 of the Department of Energy Organization Act (Public Law 95-91). As specific new legislative policy initiatives are developed over the coming months, they will be forwarded promptly to Congress.