Tuesday, September 9, 2014

Offshore Oil Drilling

Any mention of oil drilling almost inevitably spurs conversation regarding its environmental impact. When the discussion turns to offshore oil drilling, the debate is even more heated, not just digging underground but rather thousands of feet underwater. Offshore oil drilling consists of drilling the sea bed from a platform to obtain oil lying beneath the sea; it is a risky activity fraught with potential for spills, and consequent catastrophic contamination. Advocates of offshore drilling maintain that it creates jobs for individuals, who will then spend money from the wages they earn in the local community. This in turn, the argument posits, increases GDP and could play a major role in the recovery of the current overall economy. When environmental depletion is added to the measure of GDP, however, we see that the economy as a whole actually deteriorates, not improves.

            Despite years of legal and logistical obstacles as well as relentless opposition from environmentalists, Royal Dutch Shell attempts yet again to drill for oil in the Alaskan Arctic, one of the great untapped frontiers in the United States. The proposed plan consists of two drilling rigs in the Chukchi Sea, which Shell believes could produce more than 400,000 barrels of oil per day. Such figures however, when weighed against the various costs associated with offshore oil drilling, only superficially impress. Given that Shell’s previous Alaskan Artic efforts have been marked by mistakes and accidents, I believe that the potential benefits of offshore drilling do not outweigh the potential costs. Easily my favorite quote in the article was from Travis Nichols, a spokesman for Greenpeace, who said “Anyone who has been following this story knows Shell is not Arctic-ready. And more importantly, the Arctic will never be Shell-ready.” 

4 comments:

  1. This seems like a tricky topic. While more jobs would help out the economy, I'm unconvinced that it would be as severely beneficial to us as some claim. It seems more likely that the possible environmental repercussions would outweigh the positive economic ones.

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  2. I agree with Brandi. The article specifically mentions that when environmental factors are added to the measure of GDP, the economy as a whole deteriorates. I think we need to start investing more time and money in more sustainable and environmentally-friendly options.

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  3. I agree with your statement about the benefits not outweighing the possible costs. While offshore drilling may be one way to increase GDP and boost the economy, there is a chance that it could have a negative impact on the environment, ultimately hurting GDP and the economy. I believe there are safer ways to boost the economy than offshore drilling.

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  4. I do agree that although GDP does increase due to the employee's consumption costs, it does not justify the environmental impact offshore drilling has. I think that we have to be more environmentally aware, and if Shell has made mistakes when drilling in the Artics in the past, then they should not make plans to do it again.

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