Expansion of Offshore Oil and Gas Development

Risk Is Clear in Drilling; Payoff Isn’t
President Obama set out to fashion a carefully balanced plan that would attract bipartisan support for climate and energy legislation while increasing production of domestic oil.

Obama's energy challenge is coal, not oil
45 percent of the nation's electricity is generated by coal-fired power plants.

Oil Firms Could Produce on Atlantic Shelf in 7 Years - Study
The offshore U.S. Atlantic Continental Shelf could contain 3.8 billion barrels (Bb) of oil and 137 trillion cubic feet (tcf) of natural gas. First production could be as early as seven years in the area that the Obama Administration announced will be open to exploration, but any current estimates are still very preliminary, according to IHS Cambridge Energy Research Associates.

Obama And Drilling
Obama shifts, says he may back offshore drilling

I'm sure the Republicans are going to praise Obama for his flexible stance now that he's decided to push a compromise with their oh so practical agenda

Offshore Drilling: Look, Before You Go Deep
A new era of U.S. offshore oil exploration began on Wednesday, and offshore drilling stocks rallied.

Fact Check: U.S. dependence on foreign oil
The United States is the world's third largest crude oil producer, but still imports the majority of oil it uses. According to the U.S. Energy Information Administration, 43 percent of the oil used in the United States is domestically produced and 57 percent is imported.

Can Anyone Explain This Offshore Drilling Decision?
I've been scratching my head and I'll admit that I'm completely confused by this decision, or at least by its timing.

What’s Behind Obama’s Drilling Plan
Drill Now to Drill Less Later
More Drilling, More Risk
No Solutions, but Some Progress
A Questionable Negotiating Strategy
Unprotected Florida

Obama Opens Offshore Drilling: Oil ETFs Soar
Most energy ETFs trended higher on the news, while oil service firms as well as oil explorers seemed to be the main beneficiaries of the new ruling.


SPDR S&P Oil & Gas Equipment & Services Fund (XES)




PowerShares Dynamic Oil Services Fund (PXJ)

Merrill Lynch Market Oil Service HOLDR (OIH)