THE MONEY IN OCEAN ENERGY

Study Challenges Oil Industry Report

December 16, 2015 (Coastal Review Online)

“…[MidAtlantic and Southeastern states] would see little or no economic benefit from proposed offshore drilling for oil and natural gas and that the activity would put at risk existing sectors of the economy…[The Economic Effects of Outer Continental Shelf Oil and Gas Exploration and Development in the South Atlantic Region] calls into question [ conclusions in The Economic Benefits of Increasing U.S. Access to Offshore Oil and Natural Gas Resources in the Atlantic] from The American Petroleum Institute and the National Ocean Industries Association, oil and gas industry groups…[It] promises significant potential benefits from opening the Atlantic outer continental shelf to oil and natural gas exploration…The new study says the projected benefits are significantly overestimated…” click here for more

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