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Safe Offshore Drilling?
Sure, no major spills from Gulf of Mexico drilling in the past 30 years. But one should remember that before the Exxon Valdez ran into Bligh Reef in Prince William Sound in 1989, there had never been a majore oil spill there. They said the Alaska Pipeline wouldn't leak, but all it took was some lax maintenance, and the leaks began. In Florida, the Everglades just got a major shot in the arm with the state's plan to buy out U.S. Sugar and restore water flow, but a Gulf oil spill would be carried by the Gulfstream right into the Bay of Florida where it would devestate the estuaries there. Not to mention the loss to Florida of tourist business with oil-soaked beaches.
Besides, the restriction to offshore drilling has only applied to the leasing of new areas by Big Oil. There are already many square miles of leased locations in the Gulf being held by oil companies who are not proceeding with drilling. If they wanted to accelerate drilling, they already control vast areas where the process could begin. Big Oil wants the restriction lifted not so they can rush out and drill, but so they can rush out and tie up new sites for future drilling if and when they decide to do so.
Ask yourself, if you were raking in obscene profits from record high gas prices, would you be in a hurry to spend millions in an effort to drive the prices - and your profits - down?
President Bush just commented that the release of offshore drilling restrictions would have no immediate impact on oil supplies, but would have an impact on the "psychology" of the situation. Translated, no relief is in sight, but people will feel better.Do good deeds. People will be suspicious, but do them anyway.
On Cost-benefit analysis can help environmentalists battle offshore drilling posted 1 year, 4 months ago 2 Responses