Florida's Oil Prospect
As oil production goes, Florida isn't much of a player. The state produced less than 2 million barrels last year, which is how much oil Texas pumps from its wells each day. That's about to change as the revolution in oil drilling technology comes to Florida.
A state administrative judge ruled Tuesday that the Florida Department of Environmental Protection can go ahead and issue a permit to a Texas-based company to drill an exploratory well in southwest Florida, Naples News reports.
The 115,000 acres that Dan A. Hughes will test for oil reserves lie near the Florida Panther Wildlife Refuge and state parks, national preserves, a watershed, and a swamp sanctuary, according to the Earth Island Journal. The biggest target is Big Cypress National Preserve, which borders the Everglades and sits atop what prospectors believe are massive oil resources.
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