CBO estimates that the development of shale resources will increase GDP by about two-thirds of 1 percent in 2020 and about 1 percent in 2040; the increases in GDP will lead to slightly larger percentage increases in federal revenues.
Energy and Natural Resources
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Report December 9, 2014
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Report June 26, 2014
Using the rising amounts of renewable transportation fuels required by the Renewable Fuel Standard will be difficult. CBO looks at how those requirements and alternatives would affect fuel and food prices and greenhouse gas emissions.
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Report September 20, 2012
CBO's report assesses how the credits affect the relative cost of owning an electric vehicle, and how cost-effectively the credits reduce gasoline consumption and greenhouse gas emissions.
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Report August 9, 2012
CBO estimates that, under current laws and policies, the government’s gross proceeds from all federal oil and gas leases on public lands will total about $150 billion over the next decade.
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Report June 28, 2012
CBO’s analysis suggests that the projected high cost of using CCS means that current federal programs are unlikely to support widespread use of the technology. The study discusses several other options that lawmakers might consider.
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Report May 9, 2012
Improving energy security—the ability of U.S. households and businesses to accommodate disruptions of supply in energy markets—requires considering policies related to the nation’s supply of and demand for oil.
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Report March 6, 2012
The federal government has provided various types of financial support for the development and production of fuels and energy technologies in recent decades. That support totaled $24 billion in 2011.