[brownwill6767]

Fine offered these comments during a May 21, 2015, speech to the John Locke Foundation's Shaftesbury Society. Video courtesy of CarolinaJournal.tv. Access full-length videos of JLF presentations here:

[Smokin' Joe]

I haven’t watched the video yet, but if anyone thinks horizontal drilling and fraccing is expensive (about 8 million/well), offshore drilling makes it look like something off the bargain shelf.

[Captain7seas]

87% of federal offshore acreage is OFF LIMITS to development.

“America must pursue smart energy policy in order to continue as a global energy superpower. The U.S. Outer Continental Shelf (OCS) is estimated to contain vast undiscovered oil and natural gas resources. Unfortunately, the federal government has placed most of the OCS off-limits to energy exploration and development.

The Bureau of Ocean Exploration and Management (BOEM) estimates that 89.9 billion barrels of oil and 404.6 trillion cubic feet of gas have yet to be discovered on the U.S. OCS.
Unfortunately, some of BOEM’s estimates are 30 years old. If Congress permits the use of state-of- the-art seismic surveying technology in largely unexplored areas of the Atlantic OCS, we may discover an even greater abundance of oil and natural gas.
- See more at: http://www.americasoffshoreenergy.com/#/?section=unlocking-americas-offshore-energy-opportunity