Technology has gotten so that we can do so with little risk of a spill. With little spillage during Katrina from the Gulf oil rigs, many elected and appointed officials agree. But, I ask, is 7 million gallons of oil a small amount?
China’s rumored to be doing it, why can’t we?
With the cost of oil skyrocketing, we have an immediate need to relieve some of the pressure this crisis is causing. But, would this really help?
With an estimated 5.2 barrels of oil in the Gulf, how long would it take for us to see a difference? Would this really alleviate pressure? Analysts say that it would take at least a decade for oil companies to obtain permits, get the equipment ready and do the exploration necessary to start pumping oil, and even by then, the newly pumped oil would do little to affect the global supply and in turn have little effect on the price of gas.
Regardless, with gas prices going up almost daily, many think we should still explore this option. Senator Mel Martinez says we should do drill no less than 50 miles offshore. I say 150 miles offshore.
Dan Rowe, president of the Panama City Beach Convention and Visitors Bureau is quoted in the New York Times: “You can no longer just dismiss it out of hand” because gasoline prices and drilling technology have changed.
So what do you think?