[DOWNLOAD] "Ten Reasons Virginia should Prevent Offshore Drilling for Natural Gas Ten Reasons Virginia should Prevent Offshore Drilling for Natural Gas (Local)" by The Virginian Pilot ~ Book PDF Kindle ePub Free
eBook details
- Title: Ten Reasons Virginia should Prevent Offshore Drilling for Natural Gas Ten Reasons Virginia should Prevent Offshore Drilling for Natural Gas (Local)
- Author : The Virginian Pilot
- Release Date : January 20, 2008
- Genre: Reference,Books,
- Pages : * pages
- Size : 79 KB
Description
By Eileen Levandoski 1. Drilling now would have no effect on fuel prices until 2030 and provide little return on investment. If natural gas production in the Atlantic region started in 2011, as proposed, it would have no impact on domestic crude oil and natural gas production or prices until 2030 -- definitely not a timely source of revenue for solving Virginia's current transportation crisis or a source for heating our homes this winter. Prices for drill ships/rigs are about $500 million each, and currently there is a 5-year waiting list for new rigs. Starting in 2020, total natural gas production from the Outer Continental Shelf off the lower 48 states is projected to decline -- thus providing very little return on heavy investment.
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