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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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honda0105 Champion Author Tallahassee Posts:10,150 Points:591,800 Joined:Nov 2008	Message Posted: Mar 12, 2010 3:40:52 PM Ignore honda0105 Report Abuse Sale-a-czar needs to be booted. He's wasting American resources and destroys what little environmental attraction the US still has. Maybe we should call this the wasteland formerly known as America, brought to you courtesy of Ken Sale-a-Czar.
GingoutMD All-Star Author Maryland Posts:500 Points:117,320 Joined:Jan 2010	Message Posted: Mar 11, 2010 3:14:37 AM Ignore GingoutMD Report Abuse So, if a foreign oil company wants to drill in VA, do you actually expect them to pay 70% of the royalties back to VA. I think not. The Gov't will make a concession and VA will get nothing but large oil rigs off shore will the potential for leaks and spills all over their nice coast. Sounds like a great deal to me!!!
MUSTANGSRUS Champion Author Ontario Posts:4,532 Points:960,530 Joined:Sep 2006	Message Posted: Mar 11, 2010 3:08:28 AM Ignore MUSTANGSRUS Report Abuse How fast can the Federal gouvernment and the greenies screw up this idea? Bet the greenies are already circling the wagons and planning on how to derail any project like this.
remay Champion Author Houston Posts:2,032 Points:1,116,365 Joined:May 2006	Message Posted: Mar 11, 2010 3:05:43 AM Ignore remay Report Abuse Hopefully, the feds will follow through...
albert2008 Champion Author Winnipeg Posts:2,269 Points:490,335 Joined:Sep 2008	Message Posted: Mar 11, 2010 2:46:25 AM Ignore albert2008 Report Abuse sounds like a plan
SUV2009 All-Star Author Orlando Posts:945 Points:228,475 Joined:Oct 2009	Message Posted: Mar 11, 2010 2:44:28 AM Ignore SUV2009 Report Abuse About time someone did something but it not done yet. Good Luck.
clermont40miles Champion Author Cincinnati Posts:4,523 Points:767,170 Joined:Apr 2008	Message Posted: Mar 11, 2010 2:36:51 AM Ignore clermont40miles Report Abuse Elections DO make a difference. Hurray for Gov. McDonnell. Making a difference for the better. Imagine, the goal of becoming the East Coast's superpower. With the rest of the East Coast being emasculated and impotent, that should be a cake walk. Whoops! Stop the engines. It hinges upon federal government approval. By Interior Secretary Ken Salazar. What chance does Virgina have with that stranglehold around their neck? The EcoNutz have control of the fed govt. They will scratch Virginia's plans unless it meets the greenie agenda. And oil is not a good thing to the tree huggers. Elections DO make a difference. Break free of the slow death the EcoNutz are putting us through.
MacGyver_1701 Champion Author Indiana Posts:6,834 Points:1,555,725 Joined:Feb 2005	Message Posted: Mar 11, 2010 2:22:25 AM Ignore MacGyver_1701 Report Abuse I hope they can make it work.
lkozark Champion Author Missouri Posts:2,262 Points:527,855 Joined:Jul 2007	Message Posted: Mar 11, 2010 2:19:31 AM Ignore lkozark Report Abuse More opportunity.
must87searcher Champion Author Maryland Posts:3,964 Points:771,440 Joined:Apr 2008	Message Posted: Mar 11, 2010 2:19:14 AM Ignore must87searcher Report Abuse This could be a success, as long as there government does not over pay and if there really is that much fuel off the coast of Virgina. There could also be a lot of hidden costs as well.
Buck_on_Bass Champion Author Tennessee Posts:2,609 Points:563,715 Joined:Jul 2007	Message Posted: Mar 11, 2010 2:18:06 AM Ignore Buck_on_Bass Report Abuse This is a grand political move that does nothing. Without action in Congress to permit drilling, nothing will happen and McDonnell can blame Washington. Without Federal approval, no new nuclear facilities will be built. Even if a nuclear plant were proposed, McDonnell will be out of office on term limits before the approvals are secured. As for coal, Virginia has been coal production and exporting for years. The real headline is "Brilliant Political Move."
gasman50 Champion Author Portland Posts:3,719 Points:1,396,115 Joined:Nov 2005	Message Posted: Mar 11, 2010 2:18:05 AM Ignore gasman50 Report Abuse Wonderful, drill, drill, drill and build about 100 new nuke plants
Tnerbeel Champion Author Houston Posts:3,549 Points:737,260 Joined:Mar 2007	Message Posted: Mar 11, 2010 2:17:19 AM Ignore Tnerbeel Report Abuse An editorial in today's WSJ says Secretary Salazar is holding up offshore drilling for at least another 2 years. And you can bet he doesn't care what the states want.
cv Champion Author Raleigh Posts:10,054 Points:2,249,680 Joined:Oct 2003	Message Posted: Mar 11, 2010 2:16:55 AM Ignore cv Report Abuse North Carolina should do the same thing as Virginia with regard to oil exploration off the coast.
DieselKat Champion Author Tennessee Posts:1,619 Points:1,376,060 Joined:Oct 2005	Message Posted: Mar 11, 2010 2:15:42 AM Ignore DieselKat Report Abuse Oh I'm sure the Communists in the country will put a stop to that.
thedennis64 Champion Author Ohio Posts:1,015 Points:783,370 Joined:Aug 2003	Message Posted: Mar 11, 2010 2:15:25 AM Ignore thedennis64 Report Abuse Sounds good as long as the current federal administration doesn't foul it up.
throttle Champion Author Maryland Posts:7,667 Points:1,616,705 Joined:Jul 2004	Message Posted: Mar 11, 2010 2:14:49 AM Ignore throttle Report Abuse But the fate of this still depends on action by the Obama administration.
Cruiser340 Champion Author Grand Rapids Posts:7,280 Points:1,776,460 Joined:May 2004	Message Posted: Mar 11, 2010 2:12:53 AM Ignore Cruiser340 Report Abuse What helps them will help us.
SaltyDogMA Champion Author Massachusetts Posts:1,490 Points:438,750 Joined:May 2008	Message Posted: Mar 11, 2010 2:12:48 AM Ignore SaltyDogMA Report Abuse This is a positive sign.
traindude Champion Author Virginia Beach Posts:3,121 Points:744,460 Joined:Jun 2007	Message Posted: Mar 11, 2010 2:12:45 AM Ignore traindude Report Abuse live here and didn't hear about it until now
tomok Champion Author Portland Posts:17,871 Points:1,327,535 Joined:Aug 2006	Message Posted: Mar 11, 2010 2:12:12 AM Ignore tomok Report Abuse And there should be more oil drilling on the right and left coasts. Drilling technology has improved so much since the previous oil spills on the coast beaches that there should be no problems whatsoever.
FuelOilOH All-Star Author Cleveland Posts:992 Points:543,510 Joined:Oct 2007	Message Posted: Mar 11, 2010 2:11:04 AM Ignore FuelOilOH Report Abuse Sunrise over the oil field! We'll get used to it when we realize it impacts our pocketbook.
TAT36 Champion Author Florida Posts:1,597 Points:304,910 Joined:Sep 2009	Message Posted: Mar 11, 2010 2:08:45 AM Ignore TAT36 Report Abuse What's happening here? Hope we don't wake up and find it was all a dream.
SpruceGuse2 Champion Author Michigan Posts:4,693 Points:1,453,090 Joined:Mar 2006	Message Posted: Mar 11, 2010 2:08:36 AM Ignore SpruceGuse2 Report Abuse Money is money and oil can give Virginia an economic boost.
gman65 Champion Author Houston Posts:7,139 Points:1,169,215 Joined:Aug 2005	Message Posted: Mar 11, 2010 2:06:56 AM Ignore gman65 Report Abuse DRILL BABY DRILL!
PENNYPINCHR Champion Author Twin Cities Posts:2,450 Points:1,654,560 Joined:Jul 2001	Message Posted: Mar 11, 2010 2:06:13 AM Ignore PENNYPINCHR Report Abuse Finally a politician with some good sense.
Spetsnaz Champion Author Dayton Posts:1,515 Points:537,315 Joined:May 2006	Message Posted: Mar 11, 2010 2:05:49 AM Ignore Spetsnaz Report Abuse Ok
DustyHorse Champion Author Virginia Posts:1,343 Points:473,520 Joined:Oct 2008	Message Posted: Mar 11, 2010 2:05:07 AM Ignore DustyHorse Report Abuse Awesome. For once I am proud of my state's governor.
dan30thz28 Champion Author New Jersey Posts:1,067 Points:1,014,825 Joined:Feb 2006	Message Posted: Mar 11, 2010 2:04:08 AM Ignore dan30thz28 Report Abuse Good for them!
mysub Champion Author Las Vegas Posts:4,113 Points:1,325,415 Joined:Apr 2006	Message Posted: Mar 11, 2010 2:02:20 AM Ignore mysub Report Abuse What? Someone in government with a head on his shoulders?
Tonester1 Champion Author New Jersey Posts:7,427 Points:1,327,595 Joined:Oct 2006	Message Posted: Mar 11, 2010 2:01:02 AM Ignore Tonester1 Report Abuse Good for him.
ironbox_sara Champion Author Albany Posts:4,520 Points:1,258,025 Joined:Mar 2006	Message Posted: Mar 11, 2010 2:00:59 AM Ignore ironbox_sara Report Abuse What??? Have the KOOKS shown up yet to protest???
TomT2Lee Champion Author Cincinnati Posts:3,470 Points:1,091,790 Joined:Sep 2005	Message Posted: Mar 11, 2010 1:57:12 AM Ignore TomT2Lee Report Abuse Fine job Bob. Now when oil breaks $120 a barrel it will be cost effective to produce a little of it.
Cuzilla Champion Author Indianapolis Posts:8,628 Points:1,514,490 Joined:Sep 2005	Message Posted: Mar 11, 2010 1:57:11 AM Ignore Cuzilla Report Abuse Drill baby drill!
torch347 All-Star Author Indianapolis Posts:575 Points:459,245 Joined:Jul 2007	Message Posted: Mar 11, 2010 1:54:39 AM Ignore torch347 Report Abuse Again this could help in stopping the import of oil from other countries.
ronsimonil All-Star Author Illinois Posts:718 Points:152,495 Joined:Mar 2009	Message Posted: Mar 11, 2010 1:53:50 AM Ignore ronsimonil Report Abuse One good step done ....a couple more to go.
heysailor Champion Author Pittsburgh Posts:4,460 Points:1,317,520 Joined:Mar 2006	Message Posted: Mar 11, 2010 1:52:55 AM Ignore heysailor Report Abuse 130 million barrels of oil ought to go quickly.
goalie1950 Champion Author Phoenix Posts:1,415 Points:284,850 Joined:Oct 2009	Message Posted: Mar 11, 2010 1:50:58 AM Ignore goalie1950 Report Abuse Good going Virginia.
zornave Champion Author Louisville Posts:13,886 Points:2,204,520 Joined:Jul 2001	Message Posted: Mar 11, 2010 1:50:00 AM Ignore zornave Report Abuse Good for Virginia. Good for Gov. Bob McDonnell.
Joeski1 Champion Author New Jersey Posts:3,607 Points:723,800 Joined:Dec 2004	Message Posted: Mar 11, 2010 1:49:26 AM Ignore Joeski1 Report Abuse yeah .. nothing like the black goo of oil production washing up on your golden beaches... Virginia City has some nice clean beaches... white up till now.... better get your scrapers , oil booms and detergent buckets ready!!!
BM4225 Champion Author Atlanta Posts:5,272 Points:1,137,550 Joined:Aug 2006	Message Posted: Mar 11, 2010 1:49:02 AM Ignore BM4225 Report Abuse This should take away some of the imports, and also financially help Virginia, both with revenue, and jobs. Go VA.
mk9999 Champion Author Rochester Posts:2,767 Points:654,670 Joined:Aug 2008	Message Posted: Mar 11, 2010 1:47:33 AM Ignore mk9999 Report Abuse Better start drilling.
rsm315 All-Star Author Detroit Posts:724 Points:183,035 Joined:Dec 2009	Message Posted: Mar 11, 2010 1:46:13 AM Ignore rsm315 Report Abuse Its about time
Skipper52 Champion Author Massachusetts Posts:2,349 Points:593,210 Joined:Oct 2008	Message Posted: Mar 11, 2010 1:45:13 AM Ignore Skipper52 Report Abuse Nice move by the state. Lets see if the feds do their part and if the greenies can derail it all.
the1roadhog Champion Author Atlanta Posts:4,932 Points:1,044,905 Joined:Jun 2007	Message Posted: Mar 11, 2010 1:43:08 AM Ignore the1roadhog Report Abuse Common sense guy, and I like it.
Marson Champion Author Scranton Posts:4,179 Points:1,105,220 Joined:Oct 2006	Message Posted: Mar 11, 2010 1:42:26 AM Ignore Marson Report Abuse Good for them.
sdhuper Sophomore Author Toronto Posts:174 Points:68,615 Joined:Dec 2009	Message Posted: Mar 11, 2010 1:42:01 AM Ignore sdhuper Report Abuse Let them drill.
rjoeh Champion Author Michigan Posts:3,676 Points:1,559,585 Joined:Jun 2004	Message Posted: Mar 11, 2010 1:41:15 AM Ignore rjoeh Report Abuse Sounds like one state is trying to position itself for the betterment of the people... not just the politicians pockets.
rvn4me Champion Author Texas Posts:1,814 Points:518,825 Joined:Jan 2009	Message Posted: Mar 11, 2010 1:40:46 AM Ignore rvn4me Report Abuse It is about time we try to get out own oil. Keep it up.
no_monkey2002 Champion Author Tallahassee Posts:3,632 Points:1,091,880 Joined:Mar 2006	Message Posted: Mar 11, 2010 1:40:01 AM Ignore no_monkey2002 Report Abuse good for virginia ...the may also have a few earthquakes signed to them in the near future