Pros and Cons of Offshore Drilling

Without a doubt, oil is one of the fundamental needs in the world today. Its needed for most things. Plastic, fuel, much more than the average person thinks as well.   We all know that oil is “running out” and that supply is lower than the demand. This is true to an extent,but we aren’t about to lose power soon, so don’t believe the media hype.. In recent times, most of the oil produced today is drilled from the ground, and it more than likely come from Middle eastern countries, like Iraq.. It isn’t a secret that the world is dependent on these countries that house this oil, and if the price of oil went up by just a small amount, it would affect the economy around the WORLD. Because the oil is running out, countries have been looking elsewhere to get there oil, and instead of searching it out on the mainland, they resort to offshore drilling as an alternative option.

What is Offshore Oil Drilling?

So what is offshore drilling? For lack of a better explanation, offshore oil drilling means drilling the sea bed, from an oil rig, to obtain oil lying beneath the sea. Oil is a precious commodity as we all know, and this has made people nickname the stuff “liquid gold”  The main region of offshore drilling is in the “continental shelf” This is the place away from the shore, where there is no slope left, and the average depth of the water where the drilling takes place is between 100 metres and 200 metres..As is the case in most things, there are a number of pros and cons when it comes to offshore oil drilling. lets take some time to discuss them in this article.

The Positives of Offshore Drilling

A good place to start, is with the positives that arise within offshore oil drilling. The first is obvious. The most widely accepted positive of offshore drilling is the self reliance, or, at least, new ways of supporting oil drilling without having to rely on middle eastern countries to provide oil and petroleum for the rest of the world. This will inevitably stable the economy of the world, as the small bundle of countries providing most of the oil, won’t have such a big say in prices and the price of oil should eventually go down.. Another benefit with offshore drilling, goes hand in hand with the above positive. It will create many jobs for people, who will then spend more money from their wages in the local community, helping raise the economy of local communities. Offshore drilling could play a major part in the turnaround of the current economy, and it is already large in places like Aberdeen.

Negatives of Offshore Oil Drilling

But let’s take a look at the negatives of offshore oil drilling before we start singing from the rooftops. Various “experts” have ESTIMATED that offshore oil drilling won’t bring in enough oil to fulfill the needs of the world, therefore not bringing down the price of oil or petroleum very much. This speculation is only because offshore oil drilling is still very much in early stages, there is plenty of oil to be found in more counties in my opinion.

Watch this quick video on “Pros and Cons of Offshore Drilling”

Also we must factor in the environmental effects of offshore oil drilling. Major oil spills are a possibility, and have happened before. Whether it be from vessels or oil rigs, the results always prove to be disastrous for the environment, and cause damage that can not be undone. In most offshore oil spills, the disaster strikes when the oil is being shipped from one place to another, but damage to a pipeline can cause massive environmental consequences. Some of you may remember the 2000 events in Rio De Janeiro when a pipeline was ruptured, spilling in excess of 300,000 gallons of oil into the bay.

Another subject we should probably touch on is the amount of carbon emission which results in making the global warming situation worse.