The world’s unceasing quest for new oil deposits has combined with offshore technology to impel many countries to investigate their offshore resources in their “exclusive economic zone,” (EEZ) defined by the 1982 United Nations Convention on the Law of the Sea Part V, Article 55 as extending 200 nautical miles from a nation’s coastline.
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offshore oil
Two Tales of Ocean Energy: Major events in the Atlantic Ocean and the Gulf of Mexico laid out the U.S.’s energy choices in stark contrast. The Deepwater Horizon oil spill made landfall in Louisiana, a week after the offshore rig caught fire and sank. Oyster beds and wildlife are at risk, and the spill may grow to be one of the largest in U.S. history. Meanwhile, on Wednesday, Interior Secretary Ken Salazar gave the green light to the Cape Wind installation, the first offshore wind farm to be approved in U.S. waters. Its 130 turbines, projected to be up and running by 2012, will provide 75 percent of the electricity needed on Cape Cod and the islands of Nantucket Sound.
Climate Bill Stalls: The U.S. Senate’s version of a climate bill was yanked at the last moment when Sen. Lindsey Graham, the Republican co-sponsor of the legislation, withdrew his support to protest the Democrats’ sudden crusade for immigration reform. No definite plans for a new bill have emerged.