January 28 -- The push by some politicians and the oil industry to expand offshore drilling to the Atlantic is the wrong way to create jobs and lower gas prices. In fact, offshore wind development off the East Coast could produce twice as many jobs and energy as offshore drilling while alleviating the risk of catastrophic oil spills.
Oceana's recent report, Offshore Energy by the Numbers, An Economic Analysis of Offshore Drilling and Wind Energy in the Atlantic, considered the amount of economically recoverable oil and gas in the Atlantic and made conservative estimates of offshore wind development to compare these two activities. We found that offshore wind development in the Atlantic would produce roughly 91,000 more jobs and could generate enough energy to power over 115 million homes in the next 20 years, which is almost double the job creation and energy potential of Atlantic oil. >>View Article