Budgetary Issues Governing the Leasing of Oil and Gas Resources on the Outer Continental Shelf, September 10, 2008. Letter to the Honorable Nick J. Rahall II, Chairman – Committee on Natural Resources: “You asked for information about the budgetary implications of a recent administrative action and potential legislative changes in policies governing the leasing of oil and gas resources on the Outer Continental Shelf (OCS). In particular, now that the President has removed previous restrictions on leasing
in areas off the Atlantic and Pacific coasts, you asked how CBO would
estimate the budgetary impact of legislative proposals that would authorize the spending of some of the receipts from future leasing or that would impose a permanent restriction on leasing in certain OCS areas.”