Chap Petersen on Offshore Oil Drilling Revenues: "70% of Nothing Is Nothing"

See 13:10 as Chap Petersen comments on Bob McDonnell's offshore oil drilling revenues proposal. Key quote: "I have to laugh because I see that there's talk about 70% and 20% and 10%. I was never great at math, but my recollection is 70% of nothing is nothing. Right now, we're talking about revenues that don't exist, may never exist."

P.S. A bit earlier in the video, Chap questions McDonnell's proposal to spend money promoting the wine and motion picture industries. "In terms of motion pictures and wine making...specifically having the state government promote that industry, as opposed to another industry, I have some concerns about that."