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

Reasons to Drill Off Shore - Essay Example In other words, global economy is inversely proportional to oil prices. When oil price increases, global economy declines and when the oil price decreases global economy achieves growth. American economy also follows the same path as the global economy does. A world without oil fuel is unimaginable at present. Even though we have many other energy sources, none of them are capable of replacing 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 offshore drilling 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 â€Å"between 1976 and 1990, oil companies in Nigeria witnessed a total of 2,796 oil spills. An estimated total quantity of 2,105,393 barrels of oil was spilled on land, coastal and off shore marine environments† (Daniel et al, 2006, p.111). Amidst all such criticisms labeled against offshore drilling, it is a fact that the no other energy 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 energy sources to replace oil. â€Å"The United States consumes nearly one-fourth of the world's oil. The big discoveries are happening offshore, says Robert Bryce, managing editor of Energy Tribune† (Jervis et al, 2008). The above statistics and opinion clearly 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 overseas countries. It is difficult for America like big country to re ly heavily on other countries for energy needs. â€Å"Unfortunately, because of dumb luck, most of the world’s 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 Necessity To United States, 2009). Arab countries, Russia and China are the major oil producers in the world and America’s relations 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 result of the discovery of oil sources in those countries. Th e living standards of the people in gulf countries improved a lot 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 even 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 nation's