McDonnell: Let Virginia drill, baby, drill

Virginia Governor-elect Bob McDonnell hasn’t even moved into the governor’s mansion yet, but he’s already putting the heat on the no-drill establishment in Washington. Developing Virginia’s offshore resources – including wind farms – will be a top priority in his administration, McDonnell said in a letter to Interior Secretary Ken Salazer.

Pointing out that 15 months have elapsed since Congress allowed the Bush-era moratorium on offshore exploration and drilling to expire, McDonnell said that “virtually no progress has been made at the federal level” to allow Virginia “to be the first state on the Atlantic seaboard to explore and drill [for oil and natural gas] beginning in 2011.”

“Virginia is eager to get started,” McDonnell added. Especially since the extra royalties represent one of the few ways to raise revenue that still honor the Republican’s pledge not to raise taxes.

A 2005 Old Dominion University study predicted that offshore natural gas production alone would create 2,578 jobs in Virginia over the next ten years and result in $271 million in state and local taxes – at a time when the commonwealth is facing a $4.2 billion budget deficit. And that’s not even taking into account the 500 million barrels of oil also believed to lie off Virginia’s coast.

With other states in similar financial straits, McDonnell likely won’t be the only governor pressuring the Obama administration to let them harvest their own natural resources.

Beltway ConfidentialUSVirginiawashington examiner

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

The City has struggled to conduct outreach in some neighborhoods as it works to expand Slow Streets — such as this section of Page Street in the Lower Haight — to underserved neighborhoods. <ins>(Jordi Molina/Special to S.F. Examiner)</ins>
SFMTA delays vote on Bayview Slow Streets, approves five others in ‘underserved’ areas

SFMTA struggles to conduct outreach in neighborhoods with lower internet access

Stern Grove Festival organizers are planning to bring back the popular summer concert series — The Isley Brothers show in 2019 is pictured — with limited audience capacity. (Ming Vong/S.F. Examiner)
Indoor shows won’t be flooding SF stages soon but Stern Grove might be back in June

While San Francisco Mayor London Breed announced that live performances may resume… Continue reading

San Francisco Giants pitcher Johnny Cueto  (47) started on Opening Day against the Colorado Rockies at Oracle Park on April 9, 2021. (Photography by Chris Victorio | Special to the S.F. Examiner).
Giants welcome fans back with strong performance by Cueto

By Ethan Kassel Special to S.F. Examiner ORACLE PARK — The first… Continue reading

James Harbor appears in court after he was arrested on charges in the July 4th shooting death of 6-year-old Jace Young on Friday, Jan. 8, 2021. (Kevin N. Hume/S.F. Examiner)
Murder case heads to trial over killing of 6-year-old Jace Young

Hearing reveals new details in ‘horrific’ Fourth of July shooting

BART passengers may see more frequent service by this fall. (Kevin N. Hume/S.F. Examiner)
BART service increases possible as soon as September

Proposal would double weekday, daytime trains and extend system operating hours

Most Read