The decades-old ban on oil and natural gas exploration on the Outer Continental Shelf (OCS) was lifted in 2008, following a public outcry over high gas prices. However, President Obama’s recent OCS exploration announcement put most of those newly available offshore areas off-limits.
The move will most likely lead to more imported oil, higher gas prices, and is a giant missed opportunity for new jobs. While offshore drilling has been largely avoided by the administration, there have been discussions of installing offshore wind turbines.
So how do offshore natural gas and offshore wind production compare? This video analyzes the differences between developing the Manteo Prospect, a natural gas platform, with Cape Wind, a proposed wind farm off the coast of Massachusetts.
Click here for an in-depth look at the facts and figures behind the Manteo/Cape Wind comparision.