In response to a request from Representative Paul Ryan (R-WI), the Congressional Budget Office released a report August 9 finding that almost $150 billion could be raised over ten years from royalties, rents, and bonus payments received from opening most federally owned lands to oil and gas drilling. About $93.3 billion could be raised from offshore lease royalties and rents from 2012 through 2022, with another $21.8 billion from bonus payments.
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$150 billion from opening federal lands to drilling
- Mintz Levin Cohn Ferris Glovsky and Popeo PC
- David Leiter and Sarah Litke
- USA
- August 12 2012
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Philip I. Weis
Senior Corporate Counsel
Pfizer