News Oil 

Offshore drilling worth $590 billion in economic boom, oil industry says

“The industry faces stronger obstacles in the other areas the Trump administration offered for offshore drilling” writes Josh Siegel for Energy industry officials have long targeted the eastern Gulf of Mexico, referring to it as the “crown jewel” of America’s untouched offshore waters.The studies project the Atlantic could see $260 billion in new economic activity, while the Pacific can earn $160 billion.The oil and natural gas industry on Friday urged Interior Secretary Ryan Zinke to maintain his offshore drilling plan and open up federal waters from coast to coast, saying it would bring in almost $600 billion for the economy.

Share This:

Related posts