WWW - Posts tagged Off shore drilling at BloggingStocks

off-shore drilling posts

Battle to 'Structure the Debate' on Off-Shore Oil Drilling Has Just Begun

Posted May 27th 2010 5:45PM by Joseph Lazzaro (RSS feed)
Filed under: BP p.l.c. ADS (BP), Politics, Oil

In Washington, he who 'structures the debate' usually wins the public policy war.

Case in point: The impact of BP Plc.'s (BP) Gulf of Mexico oil spill on off-shore drilling. Even as public and private groups work feverishly to plug the leak, a battle to 'structure the debate' regarding the spill is going on at a similar pace.

If the oil spill is deemed roughly analogous to a commercial jetliner that crashed due to a pilot's error, there should be little concern about the fate of current and future off-shoring oil drilling projects.

Continue reading Battle to 'Structure the Debate' on Off-Shore Oil Drilling Has Just Begun

Florida coast shows promise for oil drilling

Posted Jul 5th 2008 12:40PM by Douglas McIntyre (RSS feed)
Filed under: Politics, Oil

One of the most controversial proposals for dropping the price of oil is to allow drilling in protected parklands and in restricted off-shore areas. Since there are deposits of crude and gas in these areas, it is also one of the more sure-fire ways of adding to production.

It now appears that the waters off Florida are among the most promising. According to the AP, "The early activity here stems from a 2006 Congressional compromise that allows drilling on 8.3 million acres more than 125 miles off the Panhandle."

The promise of the Florida coast is both good news and bad, depending which side of the debate one is on. A find of any real significance is likely to be proof of the fact that opening protected lands will yield results.

For the "green" crown, it could mean the the government will be encouraged to drill of near protected beaches. There may even be wells in Yellowstone.

Douglas A. McIntyre is an editor at 247wallst.com.