Posted on 11/16/2011 7:04:38 AM PST by thackney
The Obama administration is paving the way for seismic surveys of the Atlantic Ocean that will reveal the amount of oil and natural gas that exist off the East Coast, a top Interior Department official said Tuesday.
Speaking at the Platts Energy Podium, Bureau of Ocean Energy Management Director Tommy Beaudreau said the department is conducting an environmental review of the surveys and should release a draft of that review by next summer.
The seismic surveys "will play a tremendous part in informing future decisions about whether or not the resource potential in that area is such that leasing activity should go forward," Beaudreau said.
The existing data on oil and gas resources in the Atlantic is "decades old," he said.
Earlier this month, the Interior Department released a five-year blueprint for oil-drilling leases and said it would not open up any federal waters in the Atlantic until at least 2017. The department cited the lack of information about oil and gas in the region, as well as concerns about oil-spill response capabilities.
There are no active drilling leases in the Atlantic currently.
The administration's decision to block access to the Atlantic drew criticism from the oil and gas industry...
(Excerpt) Read more at rigzone.com ...
They are going to tell us how much oil there is there and then say:
You can’t have it!! Nah, Nah, Nee-Nah, Nah!
Survey, survey, survey......study, study, study, committee, committee, committee. It’s all BS. They know where the oil and gas is and they have known for years. The reason they don’t drill is to break this country and send our money to the Middle East. Just watch, Canada will sell their oil to China because of Obama. Can’t blame them. Don’t let this admin push them around.
Here we go again — More Obama insanity.
The democrats are doing a petroleum inventory so they can get a rough estimate what it’s worth to the Chinese. Trust the government like you’d trust a rattlesnake.
Yep, it's probably all moved away by now. /s
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