Tag Archives: Atlantic oil/gas exploration
Debate simmers over Atlantic oil, gas exploration
On this dock, where captains and first mates are freshening their boats with coats of white paint and rigging up new shrimp trawling gear to take to springtime Atlantic waters, the debate over drilling for oil in East Coast waters divides colleagues and, occasionally, families. Much of Capt. Wayne Magwood’s pro-offshore drilling stance comes down to a pocketbook issue. Burning through 1,000 gallons of diesel a week in his boat Winds of Fortune is manageable with low diesel costs, but past high fuel prices have made the economics of shrimping nearly impossible. “I’m tired of paying $4 a gallon. I’d like to pay $2 a gallon,” the 64-year-old Magwood said. “We don’t want to be dependent on foreign oil. We can’t get it when we need it. I think it’s good for the local economy. Environmentalists are doing a good job of regulating it and they’ve done a good job in the Gulf.”,, But to many on South Carolina’s coast, good money isn’t about oil. It’s about a way of life, attractive to locals and visitors alike. click here to read this big article. 13:29
