In a decision that might turn out to be a nightmare, the President of the United States Donald Trump has ordered that drilling be allowed in almost all offshore waters of the United States.
If approved, 47 leases would become available in the Gulf of Mexico, the Atlantic Ocean, the Pacific Ocean and the Arctic, starting in 2019.
"This is going to be an unbelievable plan".
"These ocean waters are not President Trump's personal playground".
The plan now is to open up leases offshore in the Gulf of Mexico, Alaska, and in the Atlantic and Pacific, including areas that have been off-limits for decades.
Reaction from New Jersey environmental groups was swift. Are you going to tanker it in? So from ME to Florida, to the Gulf of Mexico to the Pacific, from sea to oily sea, the Trump administration is preparing to battle for oil and gas development. Onshore leasing oil and gas auctions on the West's public domain have stirred some interest in select areas of the interior West, particularly in Wyoming and New Mexico, but are drawing big yawns from the energy industry in Alaska, Nevada and other states. This process could take more than a year.
Frank Knapp, founder of the South Carolina Chamber of Commerce, blames Washington for favoring the oil and gas sector at the expense of tourism.
"There's kind of a long road ahead, but (the states) definitely have the tools to challenge it", said Sean Hecht, an environmental law expert at UCLA. Reserves that companies had been banking on for future revenue could potentially be devalued, becoming so-called stranded assets.
The assertion that thousands of high paying jobs will be created by new oil exploration is also misleading. As Secretary Zinke said, the plan will ensure U.S. energy dominance for the foreseeable future.
This is set to include two leases each in the central, southern and northern coasts of California and one lease of the coast of OR and Washington. The Atlantic Seaboard is one of them.
Pointing to the state's all-important tourism industry and fears of oil washing up on beaches, Florida politicians have long railed against the idea of expanded offshore drilling.
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It will still take years for drilling off North Carolina and Virginia to take place, if it ever does. Dianne Feinstein said Trump's "reckless "drill, baby, drill" approach threatens our oceans and coasts".
"We are united in our opposition to this move by the President", said Oregon Gov. Kate Brown.
Smith said Shell pursues "economically resilient projects that are scoped, designed and safely operated to withstand the unpredictable ups and downs of the oil market" and added that "deep water is a growth priority". First, the current economic boom, heading toward four percent GDP growth and beyond, is partly fueled by cheap energy.
"This isn't about January 4th, 2018", Guith said. I think there has been some pushback from different governors.
"This is a start on looking at American energy dominance and looking at our offshore assets and beginning a dialogue of when, how, where and how fast those offshore assets should be, or could be, developed", Zinke told reporters Thursday.
Guith said some areas are likely to be more attractive than others.
What Pyle is missing is these are indeed "our" lands; they belong to all Americans, not just oil company executives and shareholders who would benefit financially from offshore drilling.
"We'd like an opportunity to look at all of the areas (including the Eastern Seaboard and Alaska)", said Tracy Krohn, the chief executive of W&T Offshore Inc, which now produces oil in the Gulf of Mexico.
One factor that will hold back the development of some offshore oil development is local politics. The plan doesn't allow drilling around Hawaii or US territories.
But several states are taking the issue into their own hands by holding "People's Hearings" to show support for the landmark climate action plan. The release of the draft yesterday kicks off a 60-day public comment period.
Reprinted from Climatewire with permission from E&E News.