Reasons to Drill Off Shore Essay Example | Topics and Well Written Essays - 1500 words

Reasons to Drill Off Shore - render ExampleIn other words, global economy is inversely proportional to vegetable oil colour bells. When oil price increases, global economy declines and when the oil price decreases global economy achieves growth. the Statesn economy also follows the aforesaid(prenominal) path as the global economy does. A world with fall out oil fuel is unimaginable at present. Even though we have many other dynamism sources, none of them are capable of refilling oil. Even though nobody has any doubt about the utility or essentiality of oil in sustaining human life in its present form, some people argues against inshore boring citing environmental reasons. At the time of crude oil purification and also at the time of operating vehicles, oil liberates so many greenhouse gases like oxides of carbon, sulfur, nitrogen, methane etc. Daniel et al (2006) have mentioned that between 1976 and 1990, oil companies in Nigeria witnessed a aggregate of 2,796 oil spills. A n estimated total quantity of 2,105,393 barrels of oil was spilled on land, coastal and offshore marine environments (Daniel et al, 2006, p.111). Amidst all such criticisms labeled against offshore drilling, it is a fact that the no other pushing sources are capable of substituting oil. In other words, offshore drilling should be continued in its present form until we would be able to find out alternate sinew sources to replace oil. The unify States consumes nearly one-fourth of the worlds oil. The big discoveries are happening offshore, says Robert Bryce, managing editor of Energy Tribune (Jervis et al, 2008). The above statistics and opinion clear point towards the necessities of offshore drilling. It is difficult for United States to replace oil with another energy source at present because of the huge dependence of America on oil fuels. America is producing only 10% of its total oil needs, which means around 90% of oil required for its domestic usage, is being imported from afield countries. It is difficult for America like big country to rely heavily on other countries for energy needs. Unfortunately, because of dumb luck, most of the worlds petroleum is controlled by nations that are unfriendly to the United States. Russia, Saudi Arabia and Iran were three of the top five producers of petroleum in 2007 (Column Offshore Drilling Not Hoax, But extremity To United States, 2009). Arab countries, Russia and China are the major oil producers in the world and Americas dealing with these countries are not so good. Under such circumstances, if these countries decide to stop oil supply to America, energy crisis may intensify in America. Under such circumstances, it is necessary for America to increase offshore drilling to find out more oil sources. As Robert Bryce says, the possibility of big discoveries cannot be ruled out in offshore drilling. It should be noted that the entire faces of gulf countries have been changed immensely as prove of the discover y of oil sources in those countries. The living standards of the people in gulf countries improved a dope as a result of the oil discovery. Such dramatic things can happen in America also and therefore oil drilling or offshore drilling should be continued hitherto though criticisms are there. The following statistics from Louisiana reveals the importance of offshore drilling further. Louisiana has had offshore drilling since 1947. About 172 active rigs dot the Gulf of Mexico waters off the coast, producing about 79% of the oil and 72% of the natural gas that comes from drilling off the nations