This is one of those posts it took me a few days to write as life intervened, but it turns out to be a happy accident in this case.
While I’m certainly not been the biggest fan of Donald Trump as President overall, he has had his moments. Today he’s given Radical Green a conniption fit just by announcing he will make a formal declaration on whether we will remain in the Paris Climate Agreement tomorrow afternoon. It’s expected he will decide to withdraw, but there’s also a school of thought that believes it’s just a negotiating ploy to give America a better bargain than Barack Obama negotiated.
In the meantime, it looks like another of those moments may be the rebirth of something that was strangled in the crib during the last administration when they overreacted to the comparatively rare Deepwater Horizon disaster by eliminating the prospect of oil exploration off the mid-Atlantic coast.
In order to get to that point, though, a necessary step is to do seismic surveying. Remember when the environmentalists had a cow awhile back because they were talking about doing this for oil exploration, and it got everyone’s knickers in a wad all up and down the coast? Well, it turns out doing this can serve a lot of other interests as well, at least according to Interior Secretary Ryan Zinke:
“Seismic surveying helps a variety of federal and state partners better understand our nation’s offshore areas, including locating offshore hazards, siting of wind turbines, as well as offshore energy development,” said Secretary of the Interior Ryan Zinke. “Allowing this scientific pursuit enables us to safely identify and evaluate resources that belong to the American people. This will play an important role in the President’s strategy to create jobs and reduce our dependence on foreign energy resources.”
The last G&G seismic data for the Mid- and South-Atlantic Outer Continental Shelf (OSC) were gathered more than 30 years ago when technology was not as advanced as today. Aside from providing data on potential offshore oil and gas resources, seismic surveys are also used to site offshore wind structures, locate potential seafloor hazards, locate potential sand and gravel resources for beach replenishment activities, and locate potential archaeological resources. Data from seismic surveys also assists the Department in determining Fair Market Value of offshore resources.
It was also over 30 years ago that a series of exploratory oil wells were drilled and capped off the New Jersey and Delmarva coastline, with the closest to us being about 80 miles ESE of Ocean City. At the time it was determined this was essentially a dry hole, but the exercise was useful as a study of the ocean floor and substrate below. So if the same is true now, I wonder why the environmentalists are so afraid of exploratory drilling and seismic surveying? Maybe because they know as well as I do that there’s a significant amount of oil out there, and it would keep the price of oil affordable enough to undercut the subsidies needed to keep renewables competitive?
And last week’s update from Energy Tomorrow was doubly interesting because not only did it have the release regarding the seismic surveying, it also had a small news item that pointed to a new, soon-to-be-released (and peer-reviewed) three-year study that concluded fracking has no effect on groundwater. (Are you listening, Larry Hogan? There’s still time to reconsider your foolish ban on fracking in this state before your election next year.)
Of course, the study authors did have a caveat to their findings:
In contrast to groundwater samples that showed no evidence of anthropogenic contamination, the chemistry and isotope ratios of surface waters (n = 8) near known spills or leaks occurring at disposal sites mimicked the composition of Marcellus flowback fluids, and show direct evidence for impact on surface water by fluids accidentally released from nearby shale-gas well pads and oil and gas wastewater disposal sites.
Now I know the Radical Green folks will be going “SEE! SEE! I BET YOU CAN LIGHT THAT WATER ON FIRE!!!” However, it seems to me one could easily have the same contaminating type of effect from a sanitary sewer overflow, underground tank leak, or EPA incident. The key words are “accidentally released,” and companies that want to stay in the business have a duty and legal obligation to be as careful as possible.
But this blows away one key argument from fracking opponents, not that they are much for using logic anyway.
With the right mindset and private-sector infrastructure investment, this region of the country could finally be energy self-sufficient on its own. The job created could be yours.