From a June 11 NJBIZ editorial:
Back in the late 1970s and early 1980s, oil companies actually drilled exploratory wells off Atlantic City. They didn’t find significant enough deposits to continue the effort.
But here we are again.
New Jersey’s two U.S. senators and House members from coastal districts are opposing the latest push for offshore drilling, just as they have done every time this issue has bubbled to the surface, no matter their party. And the argument — a good one — against offshore drilling is always the same: Why endanger the state’s $44 billion-a-year tourism industry and the 500,000 jobs it supports? Half of that revenue is generated from counties along the coast. Offshore drilling could also threaten the state’s $7.9 billion-a-year fishing industry and the 50,000 jobs it creates.
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