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Moves to Make if Offshore Drilling Moratorium is Not Lifted

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May 31, 2011 – Comments (0) | RELATED TICKERS: CGG , LUFK.DL

The drilling moratorium has been in place for some time now, and it is beginning to effect companies’ business plans and also investors’ stock picks. If this moratorium is not lifted in the near future, what will avid offshore investors do? Investment U has the answer. Here are some tips on where to turn if offshore drilling remains out of the question.

   "Go West, Young Man!

The Energy Information Administration (EIA) estimates that production from the federal waters of the Gulf to decline by 250,000 barrels per day in each of the next two years.

But offsetting that decline will be increased production from the lower 48 states. And specifically, it’s due to the rich shale plays being developed.

For the first time in two decades, U.S. oil production is up, having increased by 10% in the last two years. And U.S. crude imports are declining – down 25% since 2005."

 

 Read the entire article here: http://seekingalpha.com/article/255963-who-needs-offshore-oil-drilling-anyway

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