Electric Vehicles: Driving Reduced Demand for Offshore Oil, Part 3 of 3 – “Findings and Conclusions”

To replace the total gasoline supply associated with the newly opened areas offshore, the United States needs to replace about 32 million internal combustion engine vehicles with EV’s, with a range of 20-45 million EV’s, by 2030.

Obama to Sell America’s Offshore Areas to Queen of England

The Executive Order is widely seen as a boon to the United States’ offshore wind energy industry. The Obama Administration approved the nation’s first offshore wind farm, the Cape Wind project, off Massachusetts in 2008; however, the project has stalled. Clark Kent, White House spokesman, stated that, “The Crown Estate – which manages the entire seabed around the United Kingdom out to the 12 nautical mile territorial limit, has a rigorous offshore wind energy development policy that could quickly be harmonized with the United States OCS area.” He noted that offshore wind farms already provide more than 3% of the United Kingdom’s electricity. The Executive Order would also eliminate the Bureau of Ocean Energy Management (BOEM), the federal agency in charge of managing all federal waters offshore. “Some may be opposed to the sale and the disbandment of BOEM, but it’s not like we had an effective offshore wind energy policy anyway. We figure, let’s let the Brits have a go at it,” said Kent.