Republican Candidate for Virginia Governor Bob McDonnell asked a simple question of the potential Democratic Party Candidates to join him in calling for the exploration, development, and distribution of known energy resources off the coast of Virginia.
The reply from the potential candidates for Democratic Party Candidate for Virginia Governor was a resounding NO and inline with the present Democratic Party Governor and\or DNC Chairman (depends what hat he has on at the time) Tim Kaine…
"The issue is simple. Virginia has the opportunity to be the first state on the Eastern Seaboard to lease exploration and development rights for natural gas and oil off of our shores. Exploration would take place in a safe, environmentally-friendly manner, 50 miles off our coastline, far out of sight from our beaches."
"According to one estimate, there are 130 million barrels of oil and 1.14 trillion cubic feet of natural gas off Virginia's coast. A study by a professor at Old Dominion University, forecasts that natural gas production alone off Virginia’s coast would create 2,578 new jobs, and produce $271 million in state and local revenue. Unfortunately, the Democratic candidates said no to Virginia jobs and yes to the special interests."
So we are headed to $4+ a gallon gasoline again. We are headed towards higher fuel and energy costs to heat and cool our homes. We are headed to increased production and transportation costs on products we consume. We are headed towards even more dependency on foreign sources of energy. We are headed towards the Obama administration wishes of a carbon use tax that will fund much less efficient energy sources like solar and windpower…
The Washington Times had a great article written by Ed Feulner who outlines the
Situation with the new Obama administration Secretary of Interior Ken Salazar…
“It takes years to develop an oil field, which is why we should get started this year, while prices are still low. Mr. Salazar's own Interior Department estimates there are 19 billion barrels of oil available in U.S. waters, and such estimates tend to be on the low side. But we won't know until we start looking. This isn't the first time Mr. Salazar has opposed exploration, by the way. Last summer, when the Bush administration wanted to sell some public land in Western states so oil companies could take a closer look at harvesting fuel from oil shale, Mr. Salazar disliked the program. "A fire sale will not lower gas prices. It will not accelerate the development of commercial oil shale technologies," he wrote in The Washington Post. Again, true as far as it goes. But without exploration, we'll never know if oil shale can be made to work.
Our country needs more oil exploration, as quickly as is prudent. Otherwise, prepare for the eventual return of $4 or higher gasoline.