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New Oil Drilling Locations Update



November 22, 2011 – Comments (0) | RELATED TICKERS: USO , UNG

Staying up on the latest drilling projects can be really important to understanding good companies to invest in. Knowing the new projects, and the companies working on them can help you to get in on stocks before they pop. Here are some of the latest approved drilling projects thanks to Darrell Delamaide.


"The first tract that might become available is offshore Virginia, already designated for a lease sale in 2011 before the Obama administration stopped it last year. Other blocks would be available only in 2012 at the earliest, pending government studies.

Actual exploration and drilling may be years away. The president excluded the Atlantic Coast north of Delaware, much of offshore Florida, and the entire U.S. Pacific Coast. He also excluded Bristol Bay in Alaska, while opening two sectors north of Alaska that are thought to have large untapped reserves."


Read the entire article here: 

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