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Va. gov McDonnell signs offshore energy bills

forbes.com -- RICHMOND, Va. -- Gov. Bob McDonnell signed into law Wednesday offshore drilling legislation intended to realize his goal of making Virginia the East Coast's energy superpower.

The bills supporting offshore oil and gas exploration and directing royalties from drilling back to Virginia each hinge on actions by the federal government and Congress.

Interior Secretary Ken Salazar is expected to announce his decision soon whether the government will move forward with the sale of oil and gas leases in a triangular tract 50 miles off of the Virginia coast. The 2.9 million acres has an estimated 130 million barrels of oil and 1.1 trillion cubic feet of natural gas.

McDonnell said the bill backing offshore exploration is intended to signal to Salazar the state's official endorsement of

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Submitted Mar 11, 2010 By: teafortwo

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stpetebp Champion Author Tampa Posts:2,924 Points:842,940 Joined:Nov 2007	Message Posted: Mar 11, 2010 5:25:34 AM Ignore stpetebp Report Abuse Its a start
Metro Man Champion Author Flint Posts:1,991 Points:1,048,725 Joined:Sep 2003	Message Posted: Mar 11, 2010 5:24:56 AM Ignore Metro Man Report Abuse It's is good to see one state trying to do something right.
raleightom All-Star Author Raleigh Posts:765 Points:215,710 Joined:Nov 2007	Message Posted: Mar 11, 2010 5:22:04 AM Ignore raleightom Report Abuse What to do when the hurricanes come ? Will this be a disaster in progress ? They still can't handle the hurricanes in the Gulf and here they go planning more rigs right in "Hurricane Alley" of the East Coast. Seems "WAVE POWER" might be a better option. Heck of a commute to those jobs . . . .
moody4u Champion Author Cincinnati Posts:2,979 Points:575,125 Joined:Oct 2008	Message Posted: Mar 11, 2010 5:20:52 AM Ignore moody4u Report Abuse DRILL baby Drill.
HA4CNN All-Star Author Toronto Posts:981 Points:594,390 Joined:Dec 2006	Message Posted: Mar 11, 2010 5:16:44 AM Ignore HA4CNN Report Abuse I hope the federal government allows this legislation to pass and get the US on the right track to becoming energy self sufficient again.
Rbl197 Champion Author Wilmington Posts:10,763 Points:2,197,005 Joined:Apr 2004	Message Posted: Mar 11, 2010 5:14:43 AM Ignore Rbl197 Report Abuse Right On, Virginia!
HawaiianGuy Champion Author Idaho Posts:4,596 Points:2,111,470 Joined:May 2003	Message Posted: Mar 11, 2010 5:11:23 AM Ignore HawaiianGuy Report Abuse Watch Salazar screw this up. Here's another so-called "Secretary"-of-something who's nothing but a "Yes" man for Mr. Clueless and his gang of idiots.
fratt Champion Author Grand Rapids Posts:4,939 Points:1,669,255 Joined:Jul 2005	Message Posted: Mar 11, 2010 5:05:15 AM Ignore fratt Report Abuse Great idea, Let's get started.
Fitwit Champion Author Stockton Posts:2,083 Points:452,720 Joined:May 2009	Message Posted: Mar 11, 2010 5:04:05 AM Ignore Fitwit Report Abuse We will see what happens with the federal government and Congress with the bill hinges.
silverfox63 Champion Author Michigan Posts:3,344 Points:668,770 Joined:Oct 2008	Message Posted: Mar 11, 2010 5:03:12 AM Ignore silverfox63 Report Abuse More of this needs to be done so we don't depend on OPEC so much.
ED6 Champion Author Riverside Posts:5,149 Points:1,000,710 Joined:Jul 2007	Message Posted: Mar 11, 2010 4:59:35 AM Ignore ED6 Report Abuse Good deal, we should do that in California.