Federal energy resource leasing policy

Journal Article · Sun Oct 01 04:00:00 EDT 1978 · Nat. Resour. J.; (United States)

OSTI ID:6352383

McDonald, S L

Federal leasing policies for energy resource development on public lands are examined in terms of several issues ranging from basic goals to specific regulations on bidding. Present laws emphasize a rational development that protects the environment and gives the public a fair market return. The author recommends a change in mining leasing that would maximize the present value or economic rents. He suggests: (1) sealed bidding in competition for leases; (2) granting leases on the basis of bonus bidding, with joint and sequential bidding allowed, and with provision for a modest royalty; (3) offering leases on the Outer Continental Shelf at the highest rate sustainable until the affected industries can make corresponding adjustments in capacity; (4) offering leases on the public domain in response to nominations; (5) internalizing the costs of environmental damage, preferably by taxes that measure damage; and (6) compelling the unitization of all oil and gas reservoirs discovered on federal lands, while granting operators freedom to select the rate of extraction. 15 references and footnotes.

• Research Organization: Univ. of Texas, Austin
• OSTI ID: 6352383
• Journal Information: Nat. Resour. J.; (United States), Journal Name: Nat. Resour. J.; (United States) Vol. 18:4; ISSN NRJOA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290400 -- Energy Planning & Policy-- Energy Resources
293000* -- Energy Planning & Policy-- Policy
Legislation
& Regulation
BIDS
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
ENVIRONMENTAL POLICY
GOVERNMENT POLICIES
LEASING
MARKET
MINERAL RESOURCES
MINING
PUBLIC LANDS
RESOURCE CONSERVATION
RESOURCE DEVELOPMENT
RESOURCES