In this report, CBO analyzes how the government manages access to oil and natural gas on federal lands and eight policy options that could modestly increase federal income from oil and gas leasing without significantly reducing production.
April 2016
Since 1975, CBO has produced nonpartisan analyses of budgetary and economic issues in support of the Congress. In 2015, CBO completed 640 formal cost estimates and 94 analytic reports and working papers.
The federal budget deficit was $457 billion for the first six months of fiscal year 2016, CBO estimates—$18 billion more than the shortfall recorded in the same span last year.
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