• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 15 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 11 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 3 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 5 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 5 hours Venezuela set to raise gasoline prices to international levels.
  • 1 day Corporations Are Buying More Renewables Than Ever
  • 15 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 1 hour Saudi Fund Wants to Take Tesla Private?
  • 11 hours Starvation, horror in Venezuela
  • 3 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 2 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 16 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 17 hours France Will Close All Coal Fired Power Stations By 2021
The $80 Billion Megaproject Splurge In Oil

The $80 Billion Megaproject Splurge In Oil

The growing lineup of megaprojects…

Global Energy Advisory – 10th August 2018

Global Energy Advisory – 10th August 2018

U.S. shale producers have been…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Trump Moves To Allow Drilling On Atlantic Coast

Trump

A new proposal by the Trump administration will allow oil companies to use seismic air guns to search for fossil fuel deposits in the Atlantic Ocean, according to reports emerging from Washington.

Former President Barack Obama had blocked this form of testing due to dangers posed to marine wildlife in the area. The current White House needs Marine Mammal Protection Act permits from a specialized branch of the Commerce Department to allow five companies to use the technique.

"An authorization for incidental takings shall be granted if [the National Marine Fisheries Service] finds that the taking will have a negligible impact on the species," a Federal Register notice, scheduled for publication on Tuesday, read. The agency will accept public comments through July 7th before deciding whether to grant the required permits. An approval would allow the seismic gun shots to fire in the Fall.

Trump’s April executive order, which expanded areas available for offshore drilling, included certain areas of the East coast. There are currently no active rigs in coastal waters ranging from Delaware to Florida. Any new extraction projects could take years to bring into production after an initial exploration period.

You should be excited,” Interior Secretary Zinke told attendees at an offshore drilling conference in Houston last month, just weeks after signing a departmental order approving the seismic testing. “If you’re in the oil and gas and energy segment in this society … the stars are lined up. We’re going to make jobs, we’re going to bring the economy ahead.”

The Southern Environmental Law Center argues that the seismic guns are “risky” and “pave the way for offshore drilling, which would be a direct hit to our economic, environment, communities and way of life.”

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Naomi on June 06 2017 said:
    Could be as much oil and gas on the Atlantic coast as on the Gulf of Mexico. Oil accumulates on the edge of continents as it diffuses from the Earth's core made of iron carbide.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News