The US Government's Outer Continental Shelf (OCS) Strategy

Oct. 14, 2010 - PRLog -- The Federal government proposed the US Outer Continental Shelf (OCS) Strategy in March 2010. The strategy opens new areas for the exploratory development of oil and gas resources in the eastern Gulf of Mexico (GOM), the Florida Coast, the Arctic Ocean and Atlantic Ocean off the Mid-Atlantic and South Atlantic states without compromising the protection of fisheries, tourism and other coastal areas. However, Alaska's Bristol Bay and certain other coasts are protected from exploration activity as per the new program. The strategy intends to enhance US energy security by improving domestic exploration in the reserve potential frontiers while simultaneously addressing the environmental concerns. The government plans to reduce its oil imports by increasing their access to the OCS reserves and hence encouraging the domestic oil and gas industry, creating jobs and generating revenues from lease sales.

Scope
-Analysis of the Us Federal government's proposed US Outer Continental Shelf (OCS) Strategy of March 2010.
-Highlights of the key reasons for the opening of the drilling leases for oil and natural gas along the Atlantic Coastline, the eastern GOM and the north coast of Alaska. Discussions on  the implications of the proposed strategy.

Reasons to buy
-Understand the key reasons behind the proposed US Outer Continental Shelf strategy.
-Gain understanding of the implications of the proposed strategy on the US oil and gas industry.
-Identify the areas which have been opened up for offshore drilling leases for oil and gas



Table of Contents
1 Table of Contents 1
1.1 List of Tables 1
1.2 List of Figures 1
2 Summary 1
3 The US Government's Outer Continental Shelf Strategy-A Balancing Act for Energy Security 1
3.1 Declining Domestic Reserves and Need for Reducing Oil Imports has Paved way for Leasing in Outer Continental Shelf (OCS) 2
3.2 Proposals to Open Drilling Offshore Leases will drive the Domestic Oil Production 3
3.3 Anticipated Resistance from Environmentalists has driven the Government to Inhibit Exploration in Certain Resource-Rich, Environmentally-Sensitive Frontiers 4
3.4 Development of Oil Reserves in OCS will Drive Energy Security and Aid the Ailing Domestic Oil and Gas Industry 4
4 Appendix 5
4.1 Methodology 5
4.2 Contact Us 6
4.3 Disclaimer 6

List of Tables
1.1 List of Tables
Table 1:   The US, Crude Oil Reserves, Million Barrels,               2000-2009 2
Table 2: The US, Historic Production and Consumption of Crude Oil  (1000 Barrels per Day), 2000-2009 2
Table 3: The US, Outer Continental Shelf (OCS) Planning Area Acreage, 2010 3
Table 4: The US, Outer Continental Shelf (OCS) Planned Area Acreage, 2010 4

List of Figures
1.2 List of Figures
Figure 1: The US, Newly Approved Exploration Areas, 2010 3
Figure 2: The US, Outer Continental Shelf Oil and Gas Strategy, 2010 3
Figure 3: The US, OCS Oil and Gas Strategy, 2010 3
Figure 4: GlobalData Methodology 5
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