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Analysis Of The Social, Economic And Environmental Effects Of Maintaining Oil And Gas Exploration And Production Moratoria On And Beneath Federal Lands
In recent decades our nation has restricted a significant expanse of federal onshore and offshore Outer Continental Shelf (OCS) lands from natural gas and oil exploration and production. The federal government estimates these lands may contain 285 Trillion cubic feet (Tcf) of natural gas and 46 Billion barrels of oil (Bbo) of undeveloped energy resources.
This study: 1) updates the nation’s onshore and offshore natural gas and oil resource base in moratoria and non-moratoria areas; and, 2) using the updated resource estimates, assesses the social, economic and environmental impacts to the nation of maintaining the moratoria in the upcoming decades. The findings reveal an energy future for the nation that increases the cost and restricts the availability of domestic oil products and natural gas.
Click here for the full report
Click here for the Executive Summary
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