Outer Continental Shelf: Debate Over Oil and Gas Leasing and Revenue Sharing

Description

Oil and gas leasing in the Outer Continental Shelf (OCS) has been an important issue in the debate over energy security and domestic energy resources. The Department of the Interior (DOI) released a comprehensive inventory of OCS resources in February 2006 that estimated reserves of 8.5 billion barrels of oil and 29.3 trillion cubic feet of natural gas. Congress has imposed moratoria of the OCS since 1982 through the annual Interior appropriation bills. Proponents of the moratoria contend that offshore drilling would pose unacceptable environmental risks and threaten coastal tourism industries. This report analyzes this issue in-depth, including budgetary information ... continued below

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Humphries, Marc July 15, 2008.

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Description

Oil and gas leasing in the Outer Continental Shelf (OCS) has been an important issue in the debate over energy security and domestic energy resources. The Department of the Interior (DOI) released a comprehensive inventory of OCS resources in February 2006 that estimated reserves of 8.5 billion barrels of oil and 29.3 trillion cubic feet of natural gas. Congress has imposed moratoria of the OCS since 1982 through the annual Interior appropriation bills. Proponents of the moratoria contend that offshore drilling would pose unacceptable environmental risks and threaten coastal tourism industries. This report analyzes this issue in-depth, including budgetary information and relevant legislation.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1970's through the present--covering a variety of topics from agriculture to foreign policy to welfare.

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  • July 15, 2008

Added to The UNT Digital Library

  • Dec. 11, 2008, 8:31 p.m.

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  • Jan. 26, 2017, 2:39 p.m.

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Humphries, Marc. Outer Continental Shelf: Debate Over Oil and Gas Leasing and Revenue Sharing, report, July 15, 2008; Washington D.C.. (digital.library.unt.edu/ark:/67531/metacrs10548/: accessed August 16, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.