Offshore Drilling in America.

    • Offshore Drilling in America.

      Waters off the coast of Georgia and neighboring states will be opened to offshore oil and gas exploration under new energy plans announced by the Obama administration Wednesday, but officials cautioned it could be years -- if ever -- before any drilling begins.

      Above is quote from ajc.com/news/obama-opens-waters-off-423409.html

      My thoughts :
      1. Will the oil price drop?
      2. Will the oil price from the deep sea drilling in US compare to the cheaper drilling in the Middle east?

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      Worldoils Notes : Oil & Gas Conferences