WhatFinger

Offshore Energy Exploration: Myth vs. Fact


Myth: There's not enough energy in the outer continental shelf (OCS) to make exploration worthwhile. Fact: The Bureau of Ocean Energy Management (BOEM) estimates that the OCS contains 90.55 billion barrels of oil and 327.58 trillion cubic feet of natural gas. These estimates are likely very conservative, as bans on offshore leasing have made it illegal to explore and determine how much more energy is available. In other words, this is just the tip of the iceberg--history has proven that when people are allowed to look for energy, they generally find it. The best way to stop them from finding it is to stop them from looking for it.
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