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Actualités - Wednesday November 12nd, 2008
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UPDATE: NASA: Drilling Offshore Virginia May Hurt Launches

Wednesday November 12nd, 2008 / 22h34
(Updated with more specifics on the dangers of oil rigs and rocket launches.)
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON -(Dow Jones)- The National Aeronautics and Space Administration is protesting a proposal to lease offshore Virginia for oil and natural gas development over concerns that drilling would interfere with rockets' flight patterns.
NASA fears that giant platforms would interfere with low-altitude suborbital rockets or make missile launchings from its Wallops Flight Facility on Wallops Island, Va. much more difficult, Keith Koehler, a NASA spokesman, told Dow Jones Newswires.
On Wednesday, the U.S Minerals Management Service kicked off a 45-day comment-seeking period, an early step toward a proposed lease sale of waters 50 miles off the coast of Virginia. The area could hold 130 million barrels of oil and 1.14 trillion cubic feet of natural gas, MMS Director Randall Luthi said during a conference call Wednesday morning. The sale could take place as early as 2011.
"Opening this area for lease would create substantial risk to private investments in oil and gas drilling infrastructure," NASA wrote in a letter to MMS. NASA is concerned that any mishaps with missiles, supersonic or subsonic vehicles could be "catastrophic" for employees and expensive energy infrastructure. Currently, some of the area proposed for lease is restricted and is monitored for unauthorized vessels, Koehler said.
NASA first raised concerns over the project in 2006, Koehler said. Leasing tracks off the coast of Virginia has been part of the MMS's five-year plan for 2007-2012, even though Congress had banned drilling off the coast of that state.
The ban has been lifted and the project's impact to aeronautic research has grown.
"Since 2006, launches from the WFF have grown in number, not only due to NASA work but also due to other U.S. Government and commercial launches, so the potential adverse impact of offshore drilling on planned critical launches is greater than it was in 2006," NASA wrote in a statement dated Sept. 17.
Wallops Island is a barrier island located south of the Virginia-Maryland border. The Wallops Flight Facility was established in 1945.
During this month's elections, both Democratic and Republican candidates in Virginia pledged support for natural gas drilling off the coast of their state. During the news conference, Luthi said the sale was recommended by Virginia Gov. Tim Kaine, a Democrat.
The American Petroleum Institute, an energy industry group, contends that, in July, 70% of Virginians supported increased production.
"The industry has proven it can develop these resources in an environmentally safe manner," the API said in a statement. "With energy consumption expected to grow in the coming decades, America needs access to its untapped domestic resources. Beginning the process of leasing offshore Virginia is a good start."
This summer brought record oil prices. Americans were outraged over gasoline prices that topped $4 a gallon, prompting calls for increased drillings. Prices have since plunged, easing some of the political pressure for more U.S. energy production.
Despite the decrease in prices, Luthi of the MMS said drilling off the coast of Virginia is an "important step in national security."
"Our demand for energy is going to increase," she said.
MMS is required to seek comment from stakeholders before moving forward with the process and plans to work with NASA, Luthi said.
The new presidential administration under President-elect Barack Obama could veto the MMS plan, Luthi said.
Obama's advisors have already indicated the President-elect may undo newly approved leases for drilling on environmentally sensitive land in southern Utah, according to published reports. Obama came out in support of increased drilling, as a way to wean the U.S. off foreign oil supplies, during the election campaign, but is seen to be more sensitive to environmental issues than the current administration.
"As every administration goes through, there is always a change," Luthi said.
-By Susan Daker, Dow Jones Newswires; 713-547-9208; susan.daker@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=gyqrrrOUgvITV9NeLavKMw%3D%3D. You can use this link on the day this article is published and the following day.
Wednesday November 12nd, 2008 / 22h34 Source : Dowjones Business News
News du Mercredi 12 novembre 2008 exclure les news en anglais
23h54 Queens Stock Promoter Pleads Guilty In Kickback Scheme (DJ)
23h53 Intel warns on quarter, weak demand everywhere (Reuters)
23h51 Applied Materials outlook weak, to cut 1,800 jobs (Reuters)
23h48 Applied Materials CEO This Will Be An Extended Downturn (DJ)
23h47 Obama's Agency Review Team Includes Some Business Heavies (DJ)
23h46 Hedge Funds Brace For Increased Regulation Under Obama (DJ)
23h44 Wall Street skids on economic slump, Intel falls (Reuters)
23h42 Intel Cuts 4Q Revenue View Amid Weaker Demand; Shares Slump (DJ)
23h40 2ND UPDATE LG, Sharp, Chunghwa Plead Guilty To Price Fixing (DJ)
23h37 Crocs posts deep loss, shares plummet (Reuters)
23h33 Intel warns on quarter, weak demand everywhere (Reuters)
23h29 2nd UPDATE Sen Baucus Unveils Universal Health Insur Plan (DJ)
23h27 Mkts,SMALLS (DJ)
23h25 New York Money Market Rate Indications (DJ)
23h16 Crocs posts net loss on restructuring, write-downs (Reuters)
23h15 Niches fiscalesplafonnement voté en commission à l'Assemblée (DJ)
23h15 U.S. backs away from plan to buy bad assets (Reuters)
23h15 Woodside Expects 2009 Output Similar To Or Better Than 2008 (DJ)
23h10 In Nod To Econ Woes, EIA Takes Ax To Official US Oil Outlook (DJ)
23h09 Crocs Swings To 3Q Loss; To Close Brazil Plant, Cut Capex (DJ)
23h04 CSC 2Q Net Soars On Tax Gain; Sees 3Q Below Views (DJ)
23h03 Econ Is Crimping Google's Growth, Search Marketers Say (DJ)
23h02 UPDATE Canada Sees G20 Focus On Econ Issues, Stimulus (DJ)
23h01 UPDATEUS Rule Implements Unlawful Internet Gaming Law (DJ)
22h58 GM Mounts Grass-Roots Campaign For Auto Industry Bailout (DJ)
22h56 NetApp 2Q Net Down 41% Amid Higher Operating Expenses (DJ)
22h55 MARKET SNAPSHOT U.S. Stocks End Lower For Third Day As... (DJ)
22h49 Applied Materials cutting 12 percent of jobs (Reuters)
22h47 UPDATE JPMorgan Chairman Unemployment Has 'Huge Impact'... (DJ)
22h44 Applied Materials 4Q Net Down 45%, To Cut 1,800 Jobs (DJ)
1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10 - page suivante
Sources : Dowjones Newswires + Business News, Reuters, Cercle Finance, Hugin   
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