March 16, 2016

Offshore Virginia drilling off the table for now


There was a huge sigh of relief from environmentalists, marine life and fish yesterday when the big news about offshore drilling was announced. For the next five years, Virginia and the mid-Atlantic coast  will NOT see any test drilling for oil and gas. The Interior Department responded to more than one million public comments about concerns for human error in this component of the energy industry. The potential lease areas here were under threat since the initial plan was announced in early 2015 and the longtime moratorium lifted. No one could definitively explain if Virginia would even share in any of the revenue. So, for the time being, look for more progress in renewable forms of energy. Perhaps Dominion Virginia's "voluntary" renewable energy goals could see more of a commitment, rather than a promise.