March 16, 2015

THE MORE DOMESTIC OIL WE PRODUCE, THE BETTER FOR US AND THE WORSE FOR THE WORLD’S NASTY PETRO-STATES: Could Florida Be the Next Oil Powerhouse?

Florida may have a wealth of oil and gas buried just off its shores that, if tapped, could make the state one of America’s leading energy producers.

Geologists believe — and ongoing energy development in the central and western Gulf of Mexico strongly suggests — that there are vast oil and gas deposits just east of those areas, in the federal outer continental shelf off Florida’s West Coast, which Congress has declared off-limits to drilling until 2022.

U.S. Bureau of Ocean Energy Management officials would oversee geologic exploration along the Atlantic coast from Delaware Bay to Central Florida and as far as 400 miles offshore.

The potential economic effects of unlocking this potentially massive resource are undeniable. One need only look to recession-proof Texas to understand how energy development can benefit a state.

Well, we certainly wouldn’t want a recession-proof economy for America. The proles might reach Texas levels of uppityness.

UPDATE: Link was wrong before. Fixed now. Sorry!

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