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Potential Budgetary Effects of Immediately Opening Most Federal Lands to Oil and Gas Leasingreport
The federal government offers private businesses the opportunity to bid on leases for the development of onshore and offshore oil and natural gas resources on federal lands—although not all federally controlled lands are open to leasing now. CBO estimates that, under current laws and policies, the government’s gross proceeds from all federal oil and gas leases on public lands will total about $150 billion over the next decade.      CBO Releases Report on the Potential Budgetary Effects of Immediately Opening Most Federal Lands to Oil and Gas Leasingblog post
CBO has analyzed a proposal—in a report requested by the Chairman of the House Budget Committee—to immediately open most federal lands to oil and gas leasing. |
