Abstract

The United States oil industry is not running out of ideas. However, to find something significant, it is driven to search in the arctic offshore. The Minerals Management Service (MMS) is under pressure to cut back on Outer Continental Shelf acreage in upcoming lease sales. Exploration is prohibited in whole sections of the country. Today, though much of the OCS is relatively unexplored, it appears that the US is running out of new places to search.

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