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Industry analysts agree that uncertainty about federal tax proposals affecting drilling, depressed oil prices and a surplus of natural gas contributes heavily to the industry's reluctance to drill for new supplies.
Although hydrofracking "has turned the U.S. gas supply from deficit to significant surplus," the chemicals being drilled into the ground could contaminate the affected area's water supply.
This is even though Louisiana is one of the few states with a budget surplus, thanks to the money it takes in from oil drilling in the Gulf of Mexico.
Its intended headteacher is an army captain, Affan Burki, and it may be housed on surplus army land, such as a "disused TA [territorial army] drill hall".
Enough additional drilling will become marginally profitable to keep natural gas affordable but it is unlikely the U.S. will return to a supply surplus any time soon.
Current account in surplus.
a surplus.
Have a surplus?
11 surplus.
That surplus had several causes.
With the federal budget surplus swelling, it seems possible that more threatened tracts than ever could be bought by the government if Congress permanently increases spending by the Land and Water Conservation Fund, which is financed by revenues from offshore drilling leases.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com