The Offshore Energy and Jobs Act would revise existing law governing the leasing, operation, and development of oil and natural gas resources available in the Outer Continental Shelf (OCS).

[4] The Offshore Energy and Jobs Act would amend the Outer Continental Shelf Lands Act (OCSLA) to direct the United States Secretary of the Interior to implement a leasing program that includes at least 50% of the available unleased acreage within each Outer Continental Shelf (OCS) planning area considered to have the largest undiscovered, technically recoverable oil and natural gas resources, with an emphasis on offering the most geologically prospective parts of the planning area.

[4] It also directs the Secretary to: (1) offer for sale by December 31, 2014, leases of tracts in the Santa Maria and Santa Barbara/Ventura Basins of the Southern California OCS Planning Area; and (2) prepare a multisale environmental impact statement pursuant to the National Environmental Policy Act of 1969 for all lease sales required under this Act.

[4] The Offshore Energy and Jobs Act, if passed, would also: This article incorporates public domain material from websites or documents of the Congressional Budget Office.

2231 would revise existing laws and policies regarding the development of oil and gas resources on the Outer Continental Shelf (OCS).

[3] In his statement, the President criticized the bill for setting "unworkable deadlines," for reducing the net return to taxpayers of money from the leasing of public land, and for the details of the reorganization of the former Minerals Management Service.

[8] Those three talking points are: Democrats responded to these arguments by insisting that there were enough open areas for energy companies to lease from and denied that the President's plan had increased gas prices.