Policy in the leasing of Federal lands for mineral fuels production

Journal Article · Sun Jan 01 04:00:00 EST 1978 · Mater. Soc.; (United States)

OSTI ID:6436268

McDonald, S L

The author feels that the Federal objective in mineral leasing should be to capture a maximum of the present value of pure economic rent. This objective would best be served by sealed bidding in competition for leases; by granting leases on the basis of bonus bidding, with joint and sequential bidding allowed, and with provision for a modest royalty; by offering leases at the highest rate sustainable for a period long enough to justify a corresponding capacity in the affected industries; by internalizing the costs of environmental damage, preferably by means of taxes that measure damage; and by compelling the unitization of all oil and gas reservoirs discovered on Federal lands, while granting operators freedom to select the rate of extraction.

• Research Organization: Univ. of Texas, Austin
• OSTI ID: 6436268
• Journal Information: Mater. Soc.; (United States), Journal Name: Mater. Soc.; (United States) Vol. 2:1-2; ISSN MSOCD
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290400 -- Energy Planning & Policy-- Energy Resources
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294000* -- Energy Planning & Policy-- Fossil Fuels
510500 -- Environment
Terrestrial-- Site Resource & Use Studies-- (-1989)
54 ENVIRONMENTAL SCIENCES
ECONOMIC POLICY
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
LAND USE
LEASING
MINERAL RESOURCES
PUBLIC LANDS
RESOURCES