A new study prepared for the Florida House of Representatives says offshore oil and natural gas activities "are unlikely to present a major risk to Florida."
The study, conducted by Willis Structured Risk Solutions, is part of an ongoing effort to gather information about the costs and benefits of offshore drilling. State leaders are considering whether to open state-owned offshore areas to oil and natural gas development.
Florida owns the portion of the Outer Continental Shelf (OCS) that extends three miles or so to the Gulf Stream in the Atlantic and 10.4 miles along its western coastline into the Gulf of Mexico. The OCS areas that exist beyond these boundaries are controlled by the federal government.
The study says that there is "great uncertainty" about the amount of oil and natural g... more »
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