The International Association of Geophysical contractors republished the following article entitled “Debate Simmers Over Atlantic Oil, Gas Exploration”:
“Mount Pleasant, South Carolina – 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.