drilling for oil off virginia dont hold your breath
minerals management service begins preps for virginia lease sale
220
if and its a big if president obama doesnt reimpose
the presidential moratorium on exploration of the federal outer
continental shelf the first new area open for bidding may be
offshore virginia.
article
offshore virginia m...... [Show More]
the department of interior has disciplined eight government employees for their role in a wideranging scandal that involved illegal drugs sex with oil company employees and financial shenanigans at a federal agency in denver charged with collecting energy royalties for taxpayers the associated press reported friday morning.
the disciplinary action against employees who at one time work...... [Show More]
the federal government took steps on thursday to begin oil and natural gas exploration off the coast of virginia. the minerals management service mms estimates that this area under consideration beginning at least 50 miles offshore may contain 130 million barrels of oil and 1.14 trillion cubic feet of natural gas.
read more of this story ...... [Show More]
the department of interiors minerals management service mms is planning to conduct an environmental impact survey eis on the ocean areas 55 miles off the coast of northeast north carolina. this survey is one of the first steps in preparation for selling leases in 2011 for future drilling. according to the mms press release
the minerals management service mms4...... [Show More]
the minerals management service mms is proposing virginia lease sale 220 to allow for virginia offshore drilling. the 45 day commending period regarding particular environmental biological archaeological socioeconomic and geological including natural hazard areas conditions or potential conflicts or other information that might bear upon the potential leasing explo...... [Show More]
updated 1130 a.m. on the automobile industry bailout
one of the resources oftmentioned as potentially existing in large quantities off the coast of virginia is natural gas and exploration for that resource is one step closer to reality as the minerals management service mms announced yesterday that they would begin selling drilling rights.
as early as 2011 companies c...... [Show More]
senators obama and mccain are both aware that energy is central to americas future. however they differ on the details and since confidence and authority can sway peoples beliefs it is important as always to check the facts. in last nights debate obama while pointing out the us holds 3 of world oil reserves but uses 25 of world oil production said that we need to ...... [Show More]
the eia published its weekly oil report today and the story remains headlined by lower demand restoring inventory levels. gasoline consumption was 5.5 lower than last week helping a recovered refinery system and high imports increase its inventory back toward normal levels. distillatesdiesel inventories fell another half a million barrels to the bottom of the average range for this time ...... [Show More]
last tuesday as the federal governments fiscal year 2008 came to a close democrats in congress conceded on what had become an increasingly untenable position. the decadeslong ban on offshore oil and gas drilling in the atlantic pacific and eastern gulf planning areas of the federal outer continental shelf ocs was allowed to expire .
while politically significant the move has l...... [Show More]
for immediate release
september 30 2008
contact
brian kennedy 202 3468826
ban on offshore energy production expires
tonight at midnight
washington dc after being off the books for nearly three decades the congressional ban on outer continental shelf ocs energy production expires this evening at midnight.a thomas pyle president of the institute for ene...... [Show More]
with another us bank having succumbed to the financial turmoil my own wachovia and other banks in europe taking emergency measures the oil and gas markets decided that demand was falling faster than inventories. the price fell more than 10 back into the double digits and deutsche bank lowered its oil price forecast 23 for 2009 to 92.50 per barrel. economic recession in eur...... [Show More]
during a conference call with bloggers friday american petroleum institute president red cavaney elaborated on his organizati ons cautiously optimistic position on the future of the oil and natural gas industry.
i think we should temper any enthusiasm with a sort of realistic look about what lies ahead cavaney said speaking 48 hours after house democrats announced they wou...... [Show More]
my native state of north carolina along with a few others in the southeast continues to suffer from gasoline shortages especially in the charlotte area and further west. it looks like shortages will last at least another week before refineries have recovered enough to remedy the situation. some schools are even closing due to lack of fuel a serious reminder that oil supply sta...... [Show More]
the bailout completes a trilliondollar gift from tax payers to maintain some semblance of the us financial sector of the past few decades. the era of investment banks has ended beginning what may turn out to be an era of inflation and weak dollars. this dollar weakness catapulted the oil price to as high as 130 per barrel causing the nymex trading floor to suspend trading briefly since prices...... [Show More]
the eia reported another build in storage today though the supply increase was 24 lower than the fiveyear average for this week due to hurricanes gustav and ike. we will have at least one more week of slow growth reported next thursday from ike production leaving many analysts to predict that this years winter storage peak will be closer to average than last years record. s...... [Show More]
the eia reported today that the whole fuel inventory complex is down significantly from last year and below the fiveyear average. gasoline supplies are at their lowest level since detailed records began in 1981. in normal times such a report would result in much higher prices. but these arent normal times as reduced demand continues to be the savior of 2008 for lowering prices and keepi...... [Show More]
the u.s. house on tuesday scuffled over then ationrsqu os energy policy an issuein whichthe sides sometimes have appearedto grow farther apart the longer the debate goes on.
however late in the day majority democrats in the house muscled througha massivebill that would allow for some expansion of offshore oil drilling as well as extend federal tax cred...... [Show More]
while hurricane ike was no katrina its effects on gulf of mexico oil production hold strong three and a half days after landfall. the mineral management services report that less than 3 of oil production has resumed in the gulf as of 1130am cst today. this means that hurricanes gustav and ike have exceeded eia projections of 14.5 million barrels in hurricaneinduced outages through...... [Show More]
fy 2007 mrk report pdf 53 kb
source minerals management service u.s. department of the interior
from press release
more than 63 million in additional benefits was achieved for the federal government and american taxpayer in fiscal year 2007 through the royalty in kind rik program administered by the department of the interiors minerals management serv...... [Show More]
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