Oil Exploration To Occur Off Eastern Seaboard

The Obama administration is opening up the Eastern Seaboard, from Delaware to Florida, for oil exploration. The move comes two days after ValueWalk reported on Wall Street research that indicated oil supply would likely increase in the US as a result of looser government standards. OEA grants extreme measures for oil exploration The U.S. Bureau of Ocean Energy Management disclosed its final approval for use of sonic cannons, shooting sound waves 100 times louder than a jet engine through waters shared by endangered whales and turtles, with the goal to reveal energy deposits deep beneath the ocean floor. Energy concerns are…