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Study: East Coast states could cash in on offshore drilling
Fuel Fix: WASHINGTON — The economic benefits that would flow from offshore oil drilling in U.S. Atlantic waters outweigh the potential environmental costs of the activity, according to a study released Wednesday.
The report, commissioned by the Interstate Policy Alliance and South Carolina’s Palmetto Policy Forum, says oil and gas drilling from Delaware to Georgia would generate $10.8 billion to $60 billion in added economic value for those states, plus $2.1 billion to $11.6 billion in tax revenues.
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