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Benefits and Consequences of the Offshore Oil Drilling

Benefitsand Consequences of the Offshore Oil Drilling

The offshore oil drilling has been a problem, and the BritishPetroleum (BP) spill shows how it can have a devastating impact onthe environment. At the same time, some regions do have a vast amountof oil that will create jobs and reduce the prices if the governmentallows the drilling process to proceed. This essay will evaluate theadvantages and the limitations of offshore oil drilling in the Gulfof Mexico, the Arctic region, and off the Californian coast.

Drilling oil in the Arctic zone, off the California coast, and theGulf of Mexico has multiple benefits to the state. More important,the area has an extensive amount of crude oil that will help thestate and create jobs for the local people. The oil will help insupporting the huge number of cars in the nation that need sufficientsupply of fuel. Enough oil will also reduce the prices that the usershave to pay for purchasing fuel (Muehlenbachs et al., 2013). Besidesthat, some of the corporations have the improved equipment andtechnology that helps them in reducing the likelihood of accidentsthat might destroy the environment.

On the other hand, the offshore oil drilling might result in theaccidental spills that will destroy the environment. For instance,the scenario will undermine the fishing activities in the region. Theresort operators will have to deal with the pollution that willcontaminate the scenery that most clients enjoy (Muehlenbachs et al.,2013). The higher cost of cleaning the oil spill might use funds thatwould have been invested in other productive ventures.

In conclusion, theargument supporting the oil drilling seems more persuasive since itreveals some concrete evidence to support its side. First, the oildrilling will have multiple benefits to the nation since it willreduce the fuel prices and create jobs. Apart from that, the firmshave invested in advanced technology that reduces the likelihood ofaccidents.

References

Muehlenbachs, L., Cohen, M. A., &amp Gerarden, T. (2013). The impactof water depth on safety and environmental performance in offshoreoil and gas production. Energy Policy, 55, 699-705.