Saturday, December 26, 2009

What are some problems with offshore oil drilling?

No environmental ones whatsover. No offshore oil platform has leaked since 1963, including hundreds in the face of Hurricanes Katrina and Ike and others.





Only problem is irrational fear and groundless opposition.





The people of Santa Barbara, California, where there are several, have no problems with the offshore oil platforms, and many fishermen go close to the platforms as fish like to congregate around and beneath them.What are some problems with offshore oil drilling?
Contrary to what Mark specifies, there have been continuing and excessive leakage problems in Hibernia fields off NewFoundLand and right in the middle of the Grand Banks fisheries.


The Hibernia fields have not yet been hit by an iceberg, but it is a clear risk. Icebergs often float by within a couple km of the drilling platforms.





But the main risk is that we will use up all of our fossil fuels and be left with no final reserve when we are no longer able to use up all the fuel from other countries. We could put that down to an absolute certainty if we do not cut down on our rate of consumption.





The plan all along has been to exhaust all the reserves in other countries before we turn to draining our own last few barrels. That still looks like a good plan. But also, people who assume the price of fuel will go down as more reserves are tapped should note that as natural gas supplies are now almost adequate, most drilling has stopped, because the new gas comes at a higher cost. It is not economic to bring it to market if the price moves too low.





We will see our own industry deciding to defer drilling to ensure the price does not drop.What are some problems with offshore oil drilling?
Unexpected oil spills, endangering marine lives.
Only ONE problem:





DEMOCRATS.

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