
In 1981, back when gasoline cost around $1.30 a gallon, Congress prohibited oil drilling off the California shoreline to prevent oil spills and protect tourism. A series of Congressional and presidential actions since then including a 1990 executive ban by President George H.W. Bush now prohibits drilling off both coasts as well as in the eastern Gulf of Mexico. But the prices for gas have changed, and so has the times: as crude oil prices attack on an American economy addicted to foreign oil, pressure is building to lift the laws so we can drill offshore.
Those who favor lifting the ban argue that oil is a supply-and-demand business, and new sources of crude could help lower gasoline prices and ease foreign oil dependence, or at least displace some imports. They also state that oil extraction and shipping from offshore rigs is safe, showing oil operations in the Gulf of Mexico as proof. As long as they are safe nothing horrendous can happen.
But critics stress that the amount of oil that would be found offshore, even by U.S. government estimates, is statistically negligible in a global market and wouldn’t save gasoline consumers more than a few pennies on the gallon, if anything. They also argue that the environmental risks of new drilling, such as oil spills, aren’t worth the small payback to the American pocketbook.
I think that offshore drilling is a great idea and that regardless if it will save us a couple pennies we won't complain. Don't we all groan when we see that gas went up 4 cents. Plus with the complaint of not having any more jobs this could create thousands of opportunities and keep thousands of dollars in the United States economy. How do you stand?
