The decision opens the door to a room that’s been locked for more than 30 years. The ban on offshore exploration and drilling off the Atlantic coast is set to expire in 2017 and absent a major change of heart by Congress, the so-called Atlantic Outer Continental Shelf (OCS) will re-open. The U.S. Department of the Interior has estimated that 4.7 billion barrels of oil may be present under the seabed, but there is no actual exploration data to confirm that number. Previous exploration that ended in the 1980s has produced nothing by dry holes.
Last Friday’s BOEM decision outlines what potential explorers for oil and gas will be allowed to do. They will be able to use compressed air guns to blast very loud noises aimed at the geological formations underneath the ocean floor. The resulting echoes indicate the location of possible deposits of oil and gas. Environmental groups claim the seismic pulses are at least disruptive to marine life and in some cases destructive to some creatures.
The BOEM’s decision also affects offshore wind development and exploration for marine minerals off the Atlantic coast.
In reality, the BOEM and the Obama administration have essentially reopened the Atlantic coast for oil and gas production. Exploring for energy resources is not cheap and it the administration had no intention of allowing drilling, it would not approve seismic and other kinds of exploratory activities.
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