Commentary: Florida needs to consider offshore oil exploration
October 17, 2014
Without much fanfare, the United States has now met its own domestic natural gas needs, while also becoming the world’s No. 1 exporter of natural gas. At the same time, Americans still consume far more oil than our currently available domestic resources can supply.
The gap in domestic oil requirements versus production is shrinking due to newly incorporated techniques, such as hydraulic fracturing and horizontal drilling, and these technological advances are allowing the United States to produce more oil than it has in more than a decade - an important impact to our economy and national security. However, significant areas of both federally controlled onshore and offshore resources remain closed to oil and gas exploration and production. To achieve energy independence and the benefits to the nation, these resources must be opened to development.
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