[QUOTE=tugsailor;136478]There will be no new drilling off the East Coast until a reasonable period of time after Obama leaves office ---- at least 2018 to 2020.
By that time Shell and BP will probably be drilling in Canadian blocks that they have leased in deep water outside the shelf near Georges Bank (about 200 miles south of Halifax and 300 miles east of Boston). It will be interesting to see what they find.
If they they find a lot of oil on the Canadian side (current estimates are 9 billion barrels), There will be a lot of political pressure to also open the area on the US side of the border to drilling. The US environment, especially Georges Bank, will already be at some risk from Canadian drilling, so it will be easier to accept the risk of US drilling in that area. Otherwise, It may well be another 50 years before drilling is allowed on the East Coast.
The best support base for drilling this area of the US East Coast would be in Nova Scotia. The second best support base would be back at Davisville, as in the 70’s and early 80’s. The distance from Davisville to the deep water off Georges on the Canadian border is about the same as the distance to Baltimore Canyon. I do not see drilling off Virginia ( or anywhere south of that) until oil has been found on the US side of the Canadian border. It seems most likely that exploratory drilling in Baltimore Canyon would be supported out of Davisville until sufficient oil is found to justfy building a new support base in the Chesapeake area (or further south).
If a new President is successful at mending our frayed “special relationship” with Canada and approving the Keystone XL pipeline, US mariners might find some opportunities to work in the booming Canadian offshore oil patch long before the US East Coast provides many jobs. Canada already has a labor shortage. If the Canadian offshore oil patch takes off, as it very well might, they will not have enough boats or Canadian mariners to do all the work.
I think it possible that I might have an opportunity to work in Canada, but really doubt that there will be much, if any, US East Coast drilling before I am too old.
If the Republicans don’t figure out how to win an election pretty damn quick, we’ll probably have eight more years of Hillary in the Whitehouse and no new drilling off the East Coast before 2025.[/QUOTE]
What is the source of information on 9 billion bbls ? Just curious.
Good US basing (port / rail/ transport /industrial land) would likely be Portsmouth, NH or Portland, ME v. Davisville for Georges Bank efforts in the Canadian sector.
Saves the trip around Nantucket Shoals.
Davisville may have been used before, because the 80’s exploratory drilling was on the SE part of Georges Bank, v. the alleged current interest further northeast.
Accordingly, the route made sense, and no meaningful investment was needed for Davisville port infrastructure.
Support south can be out of Norfolk or Newport News today.
No investment needed.
Pierspace there is going begging.