McDonnell Asks Candidates to Support Offshore Drilling
Save Email Print
Bookmark and Share
Posted: 5:21 PM Feb 27, 2009
McDonnell Asks Candidates to Support Offshore Drilling
Richmond, Va.
Bob McDonnell asked the three Democratic candidates for governor Thursday to join him in requesting that Secretary of the Interior Ken Salazar reject Gov. Tim Kaine's recent request to further delay the sale of a lease for exploration and development of energy resources off the Virginia coast.
width:200 and height: 132 and picwidth: 200 and pciheight: 132
Font Size:

Bob McDonnell, Republican gubernatorial candidate and former Attorney General of Virginia, asked the three Democratic candidates for governor Thursday to join him in requesting that Secretary of the Interior Ken Salazar reject Gov. Tim Kaine's recent errant request to further delay the sale of a lease for exploration and development of energy resources off the Virginia coast.

Last year the 25-year-old federal moratorium on energy exploration and development off the coast of Virginia was allowed to expire by the U.S. Congress and the Presidential ban was also lifted. The leasing of exploration and development rights off the Virginia coast is scheduled for 2011, giving Virginia an extremely valuable advantage over other states along the Eastern Seaboard as the first state to explore and drill.

However, McDonnell says the delay advocated by Kaine would eliminate Virginia's ability to start early, and place the Commonwealth into the same five-year program underway for other Atlantic states. This inexplicable obstruction of Virginia's advance towards energy independence and economic development cannot be permitted.

McDonnell says the development of Virginia's offshore energy reserves would mean thousands of new jobs and hundreds of millions in tax revenue.

A recent study on the issue, produced in 2005 by a professor at Old Dominion University, estimated that offshore natural gas production off of the Virginia coast would, over a ten-year period, likely create 2,578 new jobs, induce capital investment of $7.84 billion, yield $644 million in direct and indirect payroll, and result in $271 million in state and local taxes. The numbers were based on a conservative projection of the possible cubic feet of natural gas existing in the targeted area offshore.

Three years ago, the Virginia General Assembly approved legislation to allow for natural gas exploration off of Virginia's coast. Due to this proactive move Virginia was included in a five-year-plan announced by the Interior Department in 2007 to allow for oil and gas drilling in federal waters off the coast of Virginia. Oil and gas exploration and drilling must be done in tandem under federal regulations.

This head start, which Kaine's request for delay would eliminate, provides Virginia with the ability to be the national leader in offshore energy exploration off the Eastern Seaboard. New industry will move to Virginia if we act now, bringing much needed jobs to the Commonwealth.

McDonnell says Kaine's letter notes that Virginia law only currently allows for offshore natural gas exploration.

Speaking about this argument McDonnell states, "A governor committed to offshore energy exploration and development could work with the General Assembly to immediately broaden Virginia's law to allow that to occur. As Governor of Virginia I will support legislation that will open Virginia's offshore waters, starting at 50 miles off the coast, to environmentally safe exploration and drilling for oil and gas. Too many jobs and too much revenue are at stake to do otherwise. There is no reason to surrender Virginia's competitive advantage when this change could easily be achieved next session of the General Assembly. This needed legislative fix is no reason to delay the leasing process scheduled for 2011 for another four years.

"I urge the Democratic candidates for Governor to put aside their pandering to special interests and do what's right for Virginia families. Democrats need to stop saying no to new jobs and revenue for Virginia. Offshore production of natural gas and oil is not the entire solution to our economic and energy challenges, but it is part of the solution and we need to stop with the delays and start making progress. Along with nuclear, solar, renewable and other sources offshore production helps us move toward energy independence and create jobs to get our economy moving again."


Latest Comments

Posted by: Donny Location: Boston on Mar 1, 2009 at 07:21 AM

Folks – let’s keep in mind the following… • Oil companies PAY the federal and state governments for the privilege of drilling offshore. That’s money going into the tax base that YOU don’t have to pay. The government uses those funds to build schools, roads and hospitals. • Offshore drilling creates a huge number of high paying blue collar and white collar jobs. So YOU don’t have to pay for their unemployment benefits and they pay income taxes that eventually benefit you. Those same folks will be spending lots of money and buying lots of homes shore side. • Economics 101 indicates that more supply = lower prices for the oil and natural gas that offshore drilling produces. • More supply sourced domestically helps to insure that we have a more stable source of supply. This lowers the risk of being “cut off” by others. For the oil and gas market, this then psychologically serves to reduce the price of oil and gas and such will be reflected in how the commodity is priced. • Offshore drilling is proven safe and clean. Probably much safer than the oil tankers that cruise in and out of the nations harbors daily. So it’s no skin off your nose if the oil companies want to drill for oil. In fact, it benefits you directly and indirectly. It’s time that we get behind this for the good of the nation and the economy.
Posted by: Priscilla Location: Rockingham County on Feb 27, 2009 at 05:40 PM

The idea of off shore drilling seems to be the answer to a great many of our officials, the idea of more, more, more. We are asking for more trouble than we can imagine for our children and grandchildren, if we continue to use the earths resources. The answer is less less less, fuel fuel fuel.
National NDN Video