By Ben Geman

University of Chicago experts say the Interior Department has several ways to make the currently frozen program for oil-and-gas leasing on federal lands a better deal for taxpayers and the environment.

Driving the news: Those charts above show some of the ways that the Interior’s onshore leases are offered on more generous terms than tracts on state lands in several major oil-and-gas producing states.

They come via the leasing chapter of U.S. Energy & Climate Roadmap, a wide-ranging new policy book from the school’s Energy Policy Institute.

What they’re saying: The book’s various recommendations include increasing royalty rates; shortening lease terms; and stronger bonding requirements on the industry to cover environmental reclamation costs.

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Areas of Focus: Ensuring Americans Receive Fair Value for U.S. Oil and Gas Resources
Definition
Ensuring Americans Receive Fair Value for U.S. Oil and Gas Resources
Federal mineral leasing could deliver higher returns for taxpayers and better protect the environment if policymakers increased royalty rates and minimum bids, eliminated deductions, shortened primary terms, and strengthen bonding...
Ensuring Americans Receive Fair Value for U.S. Oil and Gas Resources
Definition
Ensuring Americans Receive Fair Value for U.S. Oil and Gas Resources
Federal mineral leasing could deliver higher returns for taxpayers and better protect the environment if policymakers increased royalty rates and minimum bids, eliminated deductions, shortened primary terms, and strengthen bonding...