10 Things You Didn't Know About Offshore Drilling

May 5, 2010 RSS Feed Print
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1In the late 19th century, the first offshore drilling in the United States was conducted from rigs installed on wharfs extending 300 feet from shore near Santa Barbara, Calif.

2The U.S. petroleum industry first drilled successfully in open waters in the Gulf of Mexico in 1938.

3 Since 1953, the Department of the Interior has been responsible for leasing the outer continental shelf, or OCS, which includes all lands submerged between 3 and 200 nautical miles off the coast of the United States.

4Coastal states control the OCS within 3 nautical miles of shore.

5The first federal offshore oil and gas lease was granted on Oct. 13, 1954, in the Gulf of Mexico. A portion of the acreage from that lease continues to produce oil today.

6In 1981, Congress banned the expansion of offshore drilling. In 1990, President George H.W. Bush issued an executive order bolstering the ban, which was rescinded by President George W. Bush in 2008, spurred by rising gas prices.

7The Obama administration opened the nation's East Coast between Delaware and central Florida, and parts of the Gulf of Mexico and the Alaskan coast, excluding Bristol Bay, to oil exploration.

8The Minerals Management Service, the federal bureau in charge of OCS leasing, estimates that 39 billion to 63 billion barrels of oil, and 168 trillion to 294 trillion cubic feet of natural gas could be recovered from the proposed sites.

9 The government expects two new lease sales by 2012. The rest will be leased by 2017.

10Minerals Management collects $13.7 billion a year from leases.

Sources:

New York Times

Mineral Management Service

Department of the Interior

The White House

Tags:
Department of the Interior,
oil

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Oil spills happen, both naturally and otherwise. We know this, and we have known this for many years. But we still need to drive our cars to work, and make plastic, and heat our homes. No one is willing to give that up, no matter how many dead manatees make it onto the news. And so any reactionary measures are likely to cause more harm than good. The best we can do is minimize oil spills by imposing rigorous standards of procedure, multiple layers of oversight, and trying to reduce overall consumption of oil as much as possible.

Here's what we have to gain from getting out of oil (Middle Eastern or otherwise): (1) no more dependence on decadent dictatorships - we can't really go around preaching peace and freedom when we're forced to publicly make out with crime lords, opium barons, and people who consider themselves living gods; (2) significantly reduced greenhouse gas pollution; (3) we can stop getting ripped off by OPEC; (4) we can avoid coming tensions with Russia, Canada, and Greenland over access to Arctic oil deposits; (5) the exorbitant prices our citizens pay to meet their daily energy needs will no longer line the pockets of speculators, currency manipulators, and day-traders; (6) we will have incentives to develop new energy technologies, which we can then market to the rest of the world.

Read more: http://www.theinductive.com/blog/2010/5/7/our-visceral-energy-policy.html

Christopher Carr of MA 1:34PM May 07, 2010

Thannks for looking this up. I've been trying to find out how the U.S. Interior department, in 1953, decided that they would control the leasing of the continental shelf. I also wonder what countries have wells in the Gulf of Mexico and how many wells they own/operate. Can't find that information anywhere!

Val of TX 7:40PM May 05, 2010

This is better than the comics!

Jim K. of CT 7:03PM May 05, 2010

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