Virginia Tries to Circumvent Obama on Drilling

Virginia is the new epicenter of a campaign by energy companies to gain a toehold in the potentially vast resources of natural gas and oil hidden beneath the Atlantic. The Bureau of Ocean Energy Management estimates that there are 3.3 billion barrels of recoverable oil on the Atlantic’s outer continental shelf and 31.3 trillion cubic feet, or 886.3 million cubic meters, of natural gas. Mr. Domenech, Virginia’s secretary of natural resources, and Republican governor, Bob McDonnell, have teamed up with Virginia’s two Democratic senators to try to put Virginia’s coast on the energy map through an act of Congress.

http://www.nytimes.com/2012/11/14/business/energy-environment/after-years-of-waiting-virginia-wants-to-make-its-name-in-oil.html?pagewanted=all

– Bethany Henneman

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