[thackney]

Assessment of Undiscovered Technically Recoverable Oil and Gas Resources of the Atlantic Outer Continental Shelf, 2014 Update
http://www.boem.gov/Assessment-of-Oil-and-Gas-Resources-2014-Update/

Using a geologic play-based assessment methodology, the
Bureau of Ocean Energy Management estimated a mean of
4.72 billion barrels of undiscovered technically recoverable
oil and a mean of 37.51 trillion cubic feet of undiscovered
technically recoverable natural gas in the Atlantic Outer
Continental Shelf of the United States.

[ilovesarah2012]

What’s up with this? Strange.

[Grams A]

My pie in the sky opinion. If a state has access to natural resources which would benefit not only the residents of their state but the U.S. as well and chooses to not allow their development, that state should not benefit from the same resources currently provided to them by other states.

[Foundahardheadedwoman]

There will be years of studies and then possibly years wading thru the permitting process, and these companies will also have to purchase the drilling rights. Sounds good but I am willing to bet that new born children will be adults before the first drop of oil results from this bait and switch scheme. On top of that the Feds will change the rules in the middle of the game just to delay things more. I have seen it first hand.

[jim999]

Why now, when he’s done everything possible to destroy the oil industry domestically?

[Oatka]

Reminds me of this funny Clarke & Dawes (Australian) routine about a dead whale found off their coast that starts at :49.

[huldah1776]

There’s a boom off the coast of Newfoundland...according to my bro-in-law. 5 platforms going in.

http://www.nlrefining.com/

[1010RD]

But will they allow it to be developed?