Plan Advances for VA Offshore Drilling

According to a report from the Associated Press, the U.S. Interior Department moved closer on Nov. 12 to opening waters off Virginia to oil and gas drilling, although the offshore development plans could be scrapped by the next administration under President-elect Obama.

Interior's Minerals Management Service gave notice that it is conducting a formal examination of the environmental impact of oil and natural gas drilling 50 miles out from Virginia's coastline.

(Source: Associated Press)