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Contents: (1) Intro. and Background; (2) Legislative Issues; (3) U.S. Oil and Gas Supply and Demand: U.S. Oil, and Natural Gas Markets; Econ. Effects; Greater OCS Access and Supply; (4) Oil and Gas Reserves and Resources in the OCS; Resource Est. and Technological Change; OCS Resource Est.; Resource Est. by Planning Area, and by Water Depth; (5) OCS Leasing Process and Program; (6) OCS Revenues: Revenue Sharing or Not?; Royalty Revenue Est.; Environ. Concerns Assoc. with Offshore Exploration and Develop.; Offshore Areas Currently Protected; General Environ. Regulations and Requirements for Offshore Exploration and Production; (7) Environ. Impact Statements: Oil Spills and Leaks; Seismic Surveys and Industrial Noise. Illus.