Federal leasing of petroleum on the Outer Continental Shelf. Prepared by the Congressional Research Service, Library of Congress, at the request of Henry M. Jackson, Chairman, Committee on Interior and Insular Affairs, United States Senate

Book · Thu Jan 01 04:00:00 EST 1976

OSTI ID:7197824

Lindahl, D M; Useem, H

Background material is presented in support of the 1975 revision of the Outer Continental Shelf Act of 1953. Revisions were made in response to challenges of leasing procedures and national energy goals. Alternative leasing methods, including various combinations of bidding, profit, and risk allocation, are summarized. Basic purposes for the changes are to establish compromise measures that will generate Federal revenues and stimulate competition, protect the environment and develop oil resources, improve safety requirements and establish equitable liability procedures, and set coordinated guidelines while giving coastal states a larger role. (159 references) (DCK)

• Research Organization: Library of Congress, Congressional Research Service, Washington, DC
• OSTI ID: 7197824
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020900 -- Petroleum-- Environmental Aspects
021000 -- Petroleum-- Legislation & Regulations
29 ENERGY PLANNING, POLICY, AND ECONOMY
293000 -- Energy Planning & Policy-- Policy
Legislation
& Regulation
294002* -- Energy Planning & Policy-- Petroleum
CONTINENTAL SHELF
DRILLING
ENERGY SOURCES
ENVIRONMENTAL EFFECTS
FOSSIL FUELS
FUELS
LEASING
LEGISLATION
OFFSHORE DRILLING
PETROLEUM
SAFETY