The US is taking major steps towards drilling for oil off its coasts – but will it be worth it?
On Wednesday, a 27-year ban on oil and gas drilling off US coasts was lifted by the House of Representatives, and the Senate is now debating whether to follow suit so that oil companies can move in. (See Offshore oil drilling in the US: what’s at stake?)
Yet the oil and gas currently off-limits may not be plentiful, according to a 2007 US Department of Energy study that compared deposits in the Gulf of Mexico that are open for drilling…
