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Va. gov McDonnell signs offshore energy bills

forbes.com -- RICHMOND, Va. -- Gov. Bob McDonnell signed into law Wednesday offshore drilling legislation intended to realize his goal of making Virginia the East Coast's energy superpower.

The bills supporting offshore oil and gas exploration and directing royalties from drilling back to Virginia each hinge on actions by the federal government and Congress.

Interior Secretary Ken Salazar is expected to announce his decision soon whether the government will move forward with the sale of oil and gas leases in a triangular tract 50 miles off of the Virginia coast. The 2.9 million acres has an estimated 130 million barrels of oil and 1.1 trillion cubic feet of natural gas.

McDonnell said the bill backing offshore exploration is intended to signal to Salazar the state's official endorsement of

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Submitted Mar 11, 2010 By: teafortwo

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MightyDude Champion Author Minnesota Posts:5,346 Points:1,674,345 Joined:Mar 2003	Message Posted: Mar 11, 2010 12:52:28 AM Ignore MightyDude Report Abuse go for it
olcowboy14 Champion Author Spokane Posts:4,675 Points:742,000 Joined:Jul 2007	Message Posted: Mar 11, 2010 12:52:13 AM Ignore olcowboy14 Report Abuse Leave it to the Feds to throw a monkey wrench into this.
03mdx Champion Author Syracuse Posts:1,965 Points:626,735 Joined:Sep 2008	Message Posted: Mar 11, 2010 12:50:50 AM Ignore 03mdx Report Abuse I think this is a good decision on their part.
j4_ Rookie Author Philadelphia Posts:7 Points:237,315 Joined:Jan 2009	Message Posted: Mar 11, 2010 12:50:39 AM Ignore j4_ Report Abuse The estimated East Coast off shore deposits are the best strategic petroleum reserve the USA has. Keep it in the ground and wait for a few decades. If Oil remains as important then as it is today WE will have the resource after everyone else drilled themselves dry.
epf Champion Author Grand Rapids Posts:1,592 Points:925,035 Joined:May 2004	Message Posted: Mar 11, 2010 12:49:22 AM Ignore epf Report Abuse Where fools rush in. Sad, sad story.
Cachase1 Champion Author Oklahoma City Posts:6,458 Points:1,402,705 Joined:Aug 2003	Message Posted: Mar 11, 2010 12:49:06 AM Ignore Cachase1 Report Abuse This is good news and it is far enough out to keep from "ruining the view".
minnesotagirl Champion Author Milwaukee Posts:1,167 Points:286,165 Joined:Oct 2009	Message Posted: Mar 11, 2010 12:45:35 AM Ignore minnesotagirl Report Abuse A governor with common sense! Wish it would rub off on B.O.
Hunter724 Champion Author New Hampshire Posts:3,210 Points:670,220 Joined:Sep 2008	Message Posted: Mar 11, 2010 12:45:17 AM Ignore Hunter724 Report Abuse Have to wait and see........
cathevan Champion Author Manitoba Posts:2,133 Points:524,025 Joined:May 2007	Message Posted: Mar 11, 2010 12:44:51 AM Ignore cathevan Report Abuse as long as all safety measures have been addressed
RichardoB Champion Author Fayetteville Posts:2,971 Points:1,067,185 Joined:Jun 2007	Message Posted: Mar 11, 2010 12:42:48 AM Ignore RichardoB Report Abuse And when there's a spill, there goes the tourist industry and the wildlife.
Terrapinone Champion Author Baltimore Posts:2,765 Points:1,140,175 Joined:May 2004	Message Posted: Mar 11, 2010 12:41:09 AM Ignore Terrapinone Report Abuse An idea whose time has come.
fightbigoil71 Champion Author Milwaukee Posts:2,780 Points:593,160 Joined:Nov 2008	Message Posted: Mar 11, 2010 12:38:49 AM Ignore fightbigoil71 Report Abuse Interesting - a leader with common sense! Good for the governor...
WonderfulMI Champion Author Michigan Posts:5,860 Points:810,400 Joined:Jun 2008	Message Posted: Mar 11, 2010 12:38:29 AM Ignore WonderfulMI Report Abuse Move those oil spill areas up by where the lawmakers live.
FPLREP Champion Author Virginia Posts:3,368 Points:1,499,895 Joined:Oct 2005	Message Posted: Mar 11, 2010 12:35:52 AM Ignore FPLREP Report Abuse Good news and I helped elect this guy!
janctx Champion Author Lubbock Posts:2,639 Points:856,385 Joined:Nov 2007	Message Posted: Mar 11, 2010 12:33:25 AM Ignore janctx Report Abuse Thats great news, bet the naysayers will come out of the wood work tho
LeeFree Champion Author Pittsburgh Posts:4,395 Points:1,294,650 Joined:Jun 2005	Message Posted: Mar 11, 2010 12:30:59 AM Ignore LeeFree Report Abuse The riches were too great to pass up.
BazooQC Champion Author Montreal Posts:4,761 Points:678,430 Joined:Oct 2008	Message Posted: Mar 11, 2010 12:30:32 AM Ignore BazooQC Report Abuse I have often wondered what an oil spill would do for the Eastern coast. There is quite a lot of fishing going on in those areas. I also wonder if new found oil would pay off if new energy alternatives emerge in the next 5 years.
dar 1 Champion Author Michigan Posts:1,085 Points:212,375 Joined:Jan 2005	Message Posted: Mar 11, 2010 12:30:29 AM Ignore dar 1 Report Abuse Drill now
rogerparry Champion Author Florida Posts:4,614 Points:939,555 Joined:Jan 2008	Message Posted: Mar 11, 2010 12:29:15 AM Ignore rogerparry Report Abuse Finally we are being allowed to drill in our own lands.
theawesome1 Champion Author Cleveland Posts:3,651 Points:808,190 Joined:Aug 2005	Message Posted: Mar 11, 2010 12:27:38 AM Ignore theawesome1 Report Abuse Lets get all coastal Govenors to get rigs built to get oil for gas for their pumps thus keeping their wallets nicely filled for all citizens when they go to the pump and enjoy cheap gas.
turbodog Champion Author Mississippi Posts:1,818 Points:390,175 Joined:Feb 2009	Message Posted: Mar 11, 2010 12:27:35 AM Ignore turbodog Report Abuse other states should follow this lead
gabbygusIN Champion Author Indiana Posts:2,370 Points:596,125 Joined:Oct 2008	Message Posted: Mar 11, 2010 12:26:46 AM Ignore gabbygusIN Report Abuse Virginia is moving in the right direction!
ttwiw Champion Author Austin Posts:1,989 Points:917,245 Joined:Sep 2005	Message Posted: Mar 11, 2010 12:26:25 AM Ignore ttwiw Report Abuse Obama probably won't let it happen
Ringmaster2008 Champion Author Ontario Posts:2,942 Points:502,435 Joined:Apr 2008	Message Posted: Mar 11, 2010 12:26:01 AM Ignore Ringmaster2008 Report Abuse We have messed up the land - now let's mess up the oceans.
fordfan1 Champion Author Indiana Posts:4,189 Points:915,190 Joined:Jul 2007	Message Posted: Mar 11, 2010 12:23:02 AM Ignore fordfan1 Report Abuse I bet that the King will put a stop to this. He does not want us to have cheaper gas and petroleum products.
dave364 Champion Author Lansing Posts:1,320 Points:535,295 Joined:Nov 2007	Message Posted: Mar 11, 2010 12:22:13 AM Ignore dave364 Report Abuse good news now if they can keep the tree huggers away
naw62 Champion Author Maine Posts:4,555 Points:1,247,820 Joined:Sep 2006	Message Posted: Mar 11, 2010 12:18:31 AM Ignore naw62 Report Abuse I hope they can start drilling down there
HockeyLady Champion Author New Jersey Posts:2,577 Points:1,497,810 Joined:Jun 2005	Message Posted: Mar 11, 2010 12:17:33 AM Ignore HockeyLady Report Abuse good for VA
Beboper Champion Author Virginia Posts:3,772 Points:1,186,410 Joined:Oct 2005	Message Posted: Mar 11, 2010 12:17:16 AM Ignore Beboper Report Abuse va needs the money
katmandue Champion Author Detroit Posts:3,155 Points:1,172,730 Joined:Jul 2006	Message Posted: Mar 11, 2010 12:16:06 AM Ignore katmandue Report Abuse What we need is? Toget off the carbon basedd fuel banded wagon and sell what we don't use.
52MPG Champion Author Dayton Posts:2,325 Points:771,110 Joined:Apr 2006	Message Posted: Mar 11, 2010 12:14:14 AM Ignore 52MPG Report Abuse When states need money agreeing to drilling becomes OK.
nb52 Champion Author Grand Rapids Posts:2,877 Points:580,015 Joined:Nov 2008	Message Posted: Mar 11, 2010 12:13:31 AM Ignore nb52 Report Abuse More good news for the U.S.A..
rbrowdersr Champion Author Detroit Posts:3,012 Points:985,300 Joined:Aug 2006	Message Posted: Mar 11, 2010 12:13:16 AM Ignore rbrowdersr Report Abuse More should follow his example.
mandoid Champion Author Colorado Springs Posts:2,892 Points:615,090 Joined:May 2008	Message Posted: Mar 11, 2010 12:09:33 AM Ignore mandoid Report Abuse good for him!
pitamon Champion Author Philadelphia Posts:2,477 Points:1,214,400 Joined:Sep 2004	Message Posted: Mar 11, 2010 12:08:20 AM Ignore pitamon Report Abuse If it can be done safely and soundly, go ahead.
Ratso Champion Author Ohio Posts:11,035 Points:1,719,545 Joined:Sep 2003	Message Posted: Mar 11, 2010 12:05:38 AM Ignore Ratso Report Abuse Hurray for Va. ...now get the rest of the areas in the COuntry off their duffs and get the oil flowing as soon as we can!
RocketGeek Champion Author Grand Rapids Posts:5,610 Points:1,136,035 Joined:May 2005	Message Posted: Mar 11, 2010 12:03:15 AM Ignore RocketGeek Report Abuse Kudos to Mr. McDonnell for approving this important legislation.
subnuke Champion Author Atlanta Posts:2,793 Points:564,875 Joined:Sep 2008	Message Posted: Mar 10, 2010 11:58:17 PM Ignore subnuke Report Abuse Drill here now. Republicans understand the importance of domestic energy sources.
afghaned Champion Author Hamilton Posts:4,367 Points:311,800 Joined:May 2004	Message Posted: Mar 10, 2010 11:55:46 PM Ignore afghaned Report Abuse Who actually controls coastal and the three mile limit, state or fed?
GasholeMI Champion Author Lansing Posts:5,294 Points:761,865 Joined:Jul 2008	Message Posted: Mar 10, 2010 11:54:29 PM Ignore GasholeMI Report Abuse This is also good news and about time. People are starting to come to their senses.
cheapertvs Champion Author Richmond Posts:5,190 Points:1,766,270 Joined:Jan 2004	Message Posted: Mar 10, 2010 11:48:37 PM Ignore cheapertvs Report Abuse Virginia needs the revenue and that natural gas find is astounding!
neptune2008 Champion Author Michigan Posts:3,625 Points:714,280 Joined:Aug 2008	Message Posted: Mar 10, 2010 11:48:03 PM Ignore neptune2008 Report Abuse good news funny, boerne
BoerneWatch Champion Author San Antonio Posts:10,093 Points:1,478,160 Joined:Oct 2005	Message Posted: Mar 10, 2010 11:46:04 PM Ignore BoerneWatch Report Abuse There's great tax money revenue in them thar waves!
PADI Champion Author Ontario Posts:1,418 Points:525,225 Joined:Nov 2008	Message Posted: Mar 10, 2010 11:43:08 PM Ignore PADI Report Abuse If the federal government knows there is oil to be found there, and they don't sign the legislation, then they are bigger fools than I thought.
Ltdc Champion Author Long Island Posts:2,382 Points:723,820 Joined:Jul 2007	Message Posted: Mar 10, 2010 11:41:36 PM Ignore Ltdc Report Abuse I'm sure the folks at Virginia Beach are a little concerned regarding the possibility of an accident which could play havoc with their livelihood.
BBHybrid Champion Author Pittsburgh Posts:2,623 Points:528,455 Joined:Aug 2008	Message Posted: Mar 10, 2010 11:41:11 PM Ignore BBHybrid Report Abuse hope the federal government allows this legislation to pass
Bpers2001 All-Star Author Seattle Posts:735 Points:104,070 Joined:Nov 2009	Message Posted: Mar 10, 2010 11:36:05 PM Ignore Bpers2001 Report Abuse Is this more political posturing?
FMREALTOR Champion Author Florida Posts:1,657 Points:760,670 Joined:Jan 2007	Message Posted: Mar 10, 2010 11:34:27 PM Ignore FMREALTOR Report Abuse Get Drilling.
99dakota Champion Author Providence Posts:3,415 Points:1,206,075 Joined:Oct 2006	Message Posted: Mar 10, 2010 11:27:56 PM Ignore 99dakota Report Abuse Drill Baby Drill!
ArmydudeNC Champion Author North Carolina Posts:3,200 Points:402,150 Joined:Jul 2009	Message Posted: Mar 10, 2010 11:25:41 PM Ignore ArmydudeNC Report Abuse All other states need to the same and allow drilling since the government has been dragging it's feet on the issue.
stpetebp Champion Author Tampa Posts:2,929 Points:843,915 Joined:Nov 2007	Message Posted: Mar 10, 2010 11:25:34 PM Ignore stpetebp Report Abuse Its a start
Metro Man Champion Author Flint Posts:1,991 Points:1,048,725 Joined:Sep 2003	Message Posted: Mar 10, 2010 11:24:56 PM Ignore Metro Man Report Abuse It's is good to see one state trying to do something right.