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US outer continental shelf petroleum resources

Journal Article · · Growth Change; (United States)

Despite the need to develop US petroleum resources on the outer continental shelf (OCS), controversy and uncertainty continue over the establishment of a ''proper policy'' for the OCS. Following a brief background review of the history of OCS legislation, the authors survey recent empirical investigations into the problems and prospects of competitive leasing and development that cover industry concentration, bidding patterns, and rate of return. They also describe ecological issues affecting exploration and development in the OCS regions. The conflict between energy resource issues and environmental issues in this area revolves around the question of acceptable levels of economic sanctions and environmental protection coincident with the optimal level of exploration and developement activity. 20 references.

Research Organization:
Research Triangle Inst., Research Triangle Park, NC
OSTI ID:
6037578
Journal Information:
Growth Change; (United States), Journal Name: Growth Change; (United States) Vol. 15:2; ISSN GRCHD
Country of Publication:
United States
Language:
English