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U.S. President Donald Trump speaks during a joint press conference with Norwegian Prime Minister Erna Solberg (not seen) at the White House in Washington D.C., the United States, on Jan. 10, 2018. U.S. President Donald Trump said Wednesday that Washington could "conceivably" re-enter into the global Paris climate agreement, from which he announced the withdrawal last year. (XinhuaTing Shen)
By Bruce Westbrook
HOUSTON, Jan. 15 (Xinhua) -- President Donald Trump's move forthe largest expansion of offshore oil and gas drilling in U.S.continental waters in decades is met with resistance by coastalstates officials and a mix of skepticism and hope by energyindustry analysts.
The proposal, announced earlier this month, would open nearlyall U.S. coastal waters from the Atlantic to the Arctic oceans toenergy development. For several decades, such waters have hadfederal protections due to environmental concerns.
The Trump administration asserted that such renewed offshoredrilling will help achieve "energy independence."
But some said that's unlikely even if renewed offshore drillingtranspires, given the facts that oil is less than 70 U.S. dollarsper barrel and shale oil reserves are abundant.
KEY TO ENERGY INDEPENDENCE?
Trump's offshore drilling plan would open up 90 percent of U.S.offshore reserves to development by private companies, with 47drilling leases proposed. Among them, 19 sales would be off theAlaska coast, 12 in the Gulf of Mexico, nine in the Atlantic andseven in the Pacific, all but one of them off California'scoast.
Sean Hennigan, managing director of Houston-based HerculesOffshore West Africa, which provides drilling services to oil andgas producers, saw the proposal as a positive step for energyindependence, "which is a long-term game."
Since the lead time for offshore drilling "is significant, therewill be no immediate impact" from Trump's proposal, he said. "Butwe're going to need oil for multi-generations to come, and it'sbetter to get that domestically than internationally from an energyindependence standpoin. Cheap NFL Jerseys China Wholesale Jerseys China Free Shipping Wholesale NHL Jerseys Wholesale Authentic Jerseys Wholesale MLB Jerseys China Wholesale NCAA Jerseys Wholesale Authentic NFL Jerseys Wholesale NCAA Jerseys Cheap Cheap Jerseys Wholesale Adidas NHL Jerseys From China