Breitling Oil and Gas Texas and California Morning Podcast #336

The U.S. Air Force will consider leasing land on Vandenberg Air Force Base for private companies to extract offshore oil and gas from the central California coast, officials said Wednesday.

The proposal would allow oil companies to use onshore equipment with new extended reach “slant drilling” technology to access deposits several miles offshore.

Over the next several months, the military will study whether the new type of drilling is compatible with the base’s space and satellite-launching missions and determine if it is “economically, environmentally and politically feasible,” the Air Force said in a statement.

“Initial information obtained by the Air Force indicates there may be potential for new technology slant drilling capable of targeting oil deposits off Vandenberg Air Force Base’s coastline from locations with minimal /environmental impacts,”

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