ABSTRACT

Oil Development on Federal Lands and the Outer Continental Shelf [Updated August 6, 2008]   [open pdf - 76KB]

This CRS report "provides an overview of selected legislative initiatives, examines oil production and resource data, and discusses oil development concerns on federal lands, both onshore and on the OCS (Outer Continental Shelf). [...] Over the past year, crude oil prices have nearly doubled, reaching record levels. Proposals before Congress include a number of legislative initiatives to increase domestic oil production. These proposals have fallen into two broad categories: to (1) open areas of the Outer Continental Shelf (OCS) which are currently under leasing moratoria; and to (2) encourage companies holding oil and gas leases to diligently develop leases to bring them into production. Proponents of these initiatives argue that promising areas should be open for exploration to maximize domestic oil production as soon as possible."

Report Number:
CRS Report for Congress, RS22928
Author:
Publisher:
Date:
2008-08-06
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
URL:
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