The impact of more offshore drilling

By doris | Published: April 1, 2010

Full Story at msnbc.com

By opening parts of the Atlantic and the Gulf of Mexico to oil drilling, the Obama administration wants to tap a huge energy resource that could keep fuel costs in check.

But don’t expect gasoline pump prices to fall anytime soon because of the new drilling.

The offshore areas are located along relatively pristine parts of the U.S. Outer Continental Shelf, a new frontier for oil companies. It could take years before drillers will know how much oil can be pumped from these areas, and when.

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