Long
Obama Admin Opens Up S. Atlantic Coast to Offshore Drilling
My thoughts are that oil will still be a valuable energy resource, and this article shows that offshore drilling is still in demand, positive news for the company that I am following. It has a good dividend and strong long term holders. I may be adding more to my energy portfolio in the future.
"Obama administration opens up southern Atlantic coast to offshore drilling."
washingtonpost.com/news/energy-environment/wp/2015/01/27/obama-administration-opens-up-southern-atlantic-coast-to-offshore-drilling-but-restricts-it-in-alaska/
I am sure this area had some serve done to see what opportunities exist for offshore drilling, oil or gas, and some good lobbing was done to open up this region for drilling. Preserving the environment in Alaska was a good thought too so that was thrown into the debate, and it seems like everything is going in the right direction with a good balance between energy independence and environment damage insurance. I am kind of excited to see who will be the first to start drilling in this Atlantic coast region.
The article mentions there will be a limit to drill in the Arctic. Am i right to assume that drilling in warmer waters or less hostile environment such as the Atlantic is cheaper? Won't this help the margins, make it easier to drill, reduce risk, make it safer to operate and maintain the well, ext...?
"Obama administration opens up southern Atlantic coast to offshore drilling."
washingtonpost.com/news/energy-environment/wp/2015/01/27/obama-administration-opens-up-southern-atlantic-coast-to-offshore-drilling-but-restricts-it-in-alaska/
I am sure this area had some serve done to see what opportunities exist for offshore drilling, oil or gas, and some good lobbing was done to open up this region for drilling. Preserving the environment in Alaska was a good thought too so that was thrown into the debate, and it seems like everything is going in the right direction with a good balance between energy independence and environment damage insurance. I am kind of excited to see who will be the first to start drilling in this Atlantic coast region.
The article mentions there will be a limit to drill in the Arctic. Am i right to assume that drilling in warmer waters or less hostile environment such as the Atlantic is cheaper? Won't this help the margins, make it easier to drill, reduce risk, make it safer to operate and maintain the well, ext...?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.