Obama Administration to allow Virginia to drill offshore for oil and natural gas
Yes, another victory for Governor Bob McDonnell. Though it is still taking to long to get this done, America’s energy independence depends on this. This will also create millions of jobs for Virginian’s.
The administration’s plan is expected to spell out whether and when drilling will be allowed in 3 million acres off the Virginia coast.
The Bush administration had proposed leasing the Virginia tracts to energy companies and said the government would receive bids for the leases in November 2011.
However, a senior Interior official told an oil industry conference in January that drilling off Virginia’s coast would definitely be delayed past the original 2011 leasing date.
The proposed Virginia lease area, located about 50 miles from shore, may hold 130 million barrels of oil and 1.14 trillion cubic feet of natural gas.
The possible delay in drilling off Virginia’s coast has been criticized by the state’s new governor, Republican Bob McDonnell, and two U.S. senators eager for the state to tap into the jobs and royalties that come with exploration.
A spokeswoman for McDonnell said his office has not been told the updated drilling plan would be announced on Wednesday.
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