Nature and Environment

Because at 160,000 years, the party is just getting started.

As Gas Prices Rise, Is Offshore Drilling the Answer?

8/1/2008 4:19:04 PM

Tags: gas prices, oil, offshore drilling, presidental candidates

Although we’ve all had our share of complaints about the gas prices in our country, this growing situation does seem to be getting out of hand. Only a few days ago, I filled up and the price was almost $60! I remember when I was in high school (I graduated in 2003); I could fill up the same car for around $20.

So it’s no surprise the question of offshore drilling in America has been introduced by the 2008 presidential candidates. While John McCain promotes it as something that will “rescue our family budgets,” Obama opposes it. One of his main reasons for opposing offshore drilling is because it will be at least a decade before we can produce usable oil. He also beleives offshore drilling is the wrong emphasis. The focus, in his eyes, should be on renewable energy. 

Even the Energy Information Administration (the energy analysis agency of the U.S. Department of Energy) says that 20 years from now, offshore drilling would produce less that 0.2 percent of world production.

While reading about this issue, I came upon a very interesting opinion piece from Mark Weisbrot, Co-Director and Co-founder of the Center for Economic Policy Research. To read it click here.

What do you think? Is offshore drilling a good idea? Let us know in the comments section below.



Related Content

What are the Candidates Saying About Energy?

Here's one helpful link that can help you find out where your favorite candidate stands on nuclear p...

2008 Candidates on Agriculture

A look at how the presidential candidates respond to questions about our nation's agricultural futur...

Offshore Drilling Battle Gets Slimy

On Sept. 30, the offshore drilling moratorium expired, and the energy battle between the Democrats a...

People Still Flocking to Public Transportation

Our friends over at Utne Reader spotted

Content Tools
RSS




Post a comment below.

 

ned_1
8/30/2008 6:46:26 PM
The confusing part is who is right. The article by Mark Weisbrot says that according to the EIA it will take 10 years to bring in oil. I have heard other “experts” say it will take a lot less time. So who do you believe and does it really matter. There is no quick fix for high gas prices. The only thing we can do is conserve and that means each one of us making a commitment to it. Driving slower, combining trips, less travel, alternative forms of transportation. The problem is, in our country today most people do not want to be inconvenience by conserving. It could be a real wakeup call for the people of America and maybe in the long run will turn out to be a good thing as it very well may wake a lot of people up.

TMBerg
8/4/2008 12:55:20 PM
I hear that Senator Obama is all for Renewable Energy and Senator McCain is for Offshore Drilling, I think they are both viable bandages but neither is going to be enough. The oil companies have always said it is too expensive to drill off-shore or other means of supplying oil from our continent. But if Exxon/Mobil can make over $11 billion in the last quarter (and that's just what they reported), I think it's time they sunk some of that money in the options they already have, not just drilling and capping wells. I think mass transit should also be improved. Take the money we are supporting the oil companies and use it to improve mass transit. Most mass transit that I have used is pretty much a waste of time. The only place were it is pretty good is in Hawaii. In the rest of the country (especially in the Greater Chicago area), it is impossible to get from one city to the next without transferring or going way out of the way to accomplish your trip. Renewable energy must be improved and made available to everyone. I read an article that the electrical power companies use the biggest share of the fuel, what the article didn’t state was did they use bio-fuels? I know at one time ComEd was going to be powering gas turbines from waste gas from dumps. I don’t know if they ever started that. We need to use more bio-fuels (made from non-food sources) as well as making our vehicles more fuel efficient. All of these need to be worked at the same time in order for our country to survive.

TMBerg
8/4/2008 11:49:46 AM
I think all of them are correct. The oil companies have always said it is too expensive to drill off-shore. But if Exxon/Mobil can make over $11 billion in the last quarter (and that's just what they reported), I think it's time they sunk some of that money in the options they already have, not just drilling and capping wells. I think mass transit should also be improved. Take the money we are supporting the oil companies and use it to improve mass transit. Most mass transit that I have used is pretty much a waste of time. The only place were it is pretty good is in Hawaii. In the rest of the country, it is impossible to get from one city to the next without transferring or going way out of the way to accomplish your trip. Renewable energy must be improved and made available to everyone. I read an article that the electrical power companies use the biggest share of the fuel, what the article didn’t state was did they use bio-fuels? We need to use more bio-fuels (made from non-food sources) as well as making our vehicles more fuel efficient. All of these need to be worked at the same time in order for our country to survive.

Kevin_3
8/4/2008 8:12:20 AM
The confusing part is who is right. The article by Mark Weisbrot says that according to the EIA it will take 10 years to bring in oil. I have heard other “experts” say it will take a lot less time. So who do you believe and does it really matter. There is no quick fix for high gas prices. The only thing we can do is conserve and that means each one of us making a commitment to it. Driving slower, combining trips, less travel, alternative forms of transportation. The problem is, in our country today most people do not want to be inconvenience by conserving. It could be a real wakeup call for the people of America and maybe in the long run will turn out to be a good thing as it very well may wake a lot of people up.

SBLACK
8/3/2008 11:03:10 AM
We need to look for more environmentally sound ways to fuel our world. It's not only our budgets that we need to worry about, but what we are doing to our planet. We need to be looking for other renewable options.

James E. Curtis
8/2/2008 2:44:25 PM
Off shore and Anwar drilling is economically viable and ecologically sound. We will eventually need to drill anyway because petroleum is an integral part of plastics. Think of where we will be without plastic. The object of drilling now is for now (or at least the near future) and not a concern for 20 years from now.










Subscribe Today - Pay Now & Save 66% Off the Cover Price

First Name: *
Last Name: *
Address: *
City: *
State/Province: *
Zip/Postal Code:*
Country:
Email:*
(* indicates a required item)
Canadian subs: 1 year, (includes postage & GST). Foreign subs: 1 year, . U.S. funds.
Canadian Subscribers - Click Here
Non US and Canadian Subscribers - Click Here

Lighten the Strain on the Earth and Your Budget

MOTHER EARTH NEWS is the guide to living — as one reader stated — “with little money and abundant happiness.” Every issue is an invaluable guide to leading a more sustainable life, covering ideas from fighting rising energy costs and protecting the environment to avoiding unnecessary spending on processed food. You’ll find tips for slashing heating bills; growing fresh, natural produce at home; and more. MOTHER EARTH NEWS helps you cut costs without sacrificing modern luxuries.

At MOTHER EARTH NEWS, we are dedicated to conserving our planet’s natural resources while helping you conserve your financial resources. That’s why we want you to save money and trees by subscribing through our earth-friendly automatic renewal savings plan. By paying with a credit card, you save an additional $5 and get 6 issues of MOTHER EARTH NEWS for only $12.00 (USA only).

You may also use the Bill Me option and pay $17.00 for 6 issues.