WASHINGTON D.C. — The Institute for Energy Research released today a groundbreaking study that assesses the recent Congressional Budget Office analysis of revenues gained by opening federal lands and waters for oil and gas development. The study, conducted by Dr. Joseph Mason, a professor at the Louisiana State University and the University of Pennsylvania’s Wharton School, offers contrasting projections of the potential revenue impacts, job creation, and overall GDP growth that energy resource development on federal lands would provide.