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EMD-80-60 1 (1980-03-14)

handle is hein.gao/gaobabajk0001 and id is 1 raw text is: BY THE COMPTROLLER GENERAL Report To The Honorable Richard B. Cheney House Of Representatives F THE UNITED STATES Impact Of Making The Onshore Oil And Gas Leasing System More Competitive While the Federal Government's present way of leasing public onshore lands for oil and gas development has certain flaws and inequities, it basically has succeeded in making an im- portant contribution to domestic oil and gas production--mainly by making a good deal of land available and continually accessible for exploration and development. Thus, before any sweeping changes are made, there ought to be a clear understanding and agreement-- both in the administration and in the Con- gress--on the objectives sought and likely im- pacts to result. While S. 1637 -an administration-sponsored bill to expand competition in leasing these lands--has several commendable features, it is based on insufficient data and analyses and poses such great uncertainties that it should not be enacted. Many objectives of increased competition can be achieved without a major overhaul of the present system. X, -7 ~ ~rII1ii 11 ! I'' 1 11848 EMD-80-60 MARCH 14, 1980 m?'fk

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