SolarCity is disrupting the century-old utility industry by simply bypassing it. Self Supporting The oil drilling that happens offshore brings in an abundance of petroleum, a fossil fuel necessary for most everyday functions. Offshore drilling will increase the supply of oil, resulting in lower gasoline prices. From what other programs are Democrats suggesting funding for this energy plan might be taken? There would be virtually no way to clean up or contain the spill. The economics of the property will dictated the pros and cons of in-house drilling or contract drilling.
Drilling in the Chukchi: Still a Long Way to Go The recent Mars and Atlantis deepwater projects in the Gulf of Mexico took 11 and 12 years to develop, respectively. Right now, the closest U. Students can determine the similarities and differences between the environments. However, one of the major negative aspects of drilling for oil in Alaska is the damage that it could do to the environment. Would despoil the Arctic National Wildlife Refuge and pollute our oceans and coastlines for a tiny percentage of our energy needs -- with almost zero impact on gas prices In the mining industry most companies cannot afford the cost of maintaining the drilling equipment nor infrastructure required to do inhouse exploration. What are some reasons given by opponents to prevent drilling? The Arctic National Wildlife Refuge is the largest and most pristine patch of publicly owned wilderness in the U. The nearest coast guard base is nearly 1,000 miles away and the roads are scarce on the Arctic coast for people to come quickly if there was a spill.
Cons There are a number of cons that are easily recognized. Oil spills, despite improved technologies, are still common and predicted occurrences. This was spread through twitter and Facebook. More offshore drilling will lead to greater domestic oil production and less reliance on imported oil, much of which comes from politically unstable regions. While the oil fields of Alaska may provide oil companies in the United States with a highly sought-after and highly profitable resource, drilling for that resource has several disadvantages. Offshore Drilling Cons Expensive Facilities The equipment and rigs that are necessary to complete the process of offshore drilling is very expensive. In turn, oil-based products all become cheaper as well.
There are a lot of natural resources in the area and among these resources we find the fossil fuel we currently depend on: oil. The field of deep-water offshore drilling creates jobs for America's workers. In one it states that drilling will not disturb the refuge, but the other states that it could potentially disturb the refuge. This topic is incredibly divisive and important to the modern world, as oil has caused more than one war in the past. More Jobs Offshore drilling requires many skilled people to operate the equipment. Is oil drilling in Alaska a good idea? Removing platforms and pipelines no longer in use is extremely costly. Fracking is the process of injecting high-pressure water, chemicals and sand into shale beneath the earth's surface to release gas and oil trapped within.
Danger to Animals There is no getting around the fact that drilling is extremely problematic with the natural environment. Hundreds of pelicans black with oil were washed up on shores, along with smothered turtles and fishes belly-up in brown sludge, because of that disaster. The economy of the territory is dominated by the oil and gas industry. Drilling for oil in Alaska would occur in the Arctic National Wildlife Refuge, which is a safe haven for animals such as wolves, caribou, polar bears, wolverines and more. It would further lessen foreign oil dependence.
Plant Impacts Oil drilling in Alaska can have disadvantages for plant life. The allied industries such as shipping, transportation of oil and natural gas and military bases offer people a source of income. This past Monday, President Obama did something oil companies actually approved of. However, the amount of potential oil in Arctic National Widelife Refuge is only 0. When supplies are scarce, the price of oil goes up and so do the prices of other commodities that are based on oil.
Pro of Self-operated exploration drilling are that the company attains the information on the ore bodies in a more timely manner to make mining development decisions on and operating mine. How do you think Congress should weigh the environmental value of the refuge against the economic value of the oil beneath it? Here are a number of both. When supplies are plentiful, the prices of oil and associated products go down. The juniors use contractors because they cannot afford the large capitalization for the drilling equipment and tooling to do small exploration projects to see if they have and ore body. Christie Whitman, administrator of the Environmental Protection Agency, said it confirms drilling can be done safely. At the same time, warmer conditions support hordes of mosquitoes and flies that can attack, weaken, and kill calves.
Despite the harsh conditions there is still a lot of life thriving in there and not only that but the landscape can be pretty amazing as well. Sociological Benefits Those who live in or around the areas in which the drilling would occur would also benefit, particularly in the form of better schools and hospitals. Polar bears, caribou, and wolves roam its 19. Plus, a democratic Congress or president could put up additional roadblocks in the intervening years. Platform must be rented for 6 hours in total during the day to make the same revenue as the full day fee. The technology for drilling and producing oil in water less than 200 feet deep has been around for decades. Evidence: In 2006, oil spill accord in the Prudhoe Bay production in Alaska.
The National Academy of Sciences panel said that development of the area since 1968 has produced large social and economic effects — some positive, such as better schools and health care, and some negative, like increased diabetes and alcoholism. This means hundreds of millions of barrels are brought in from countries like Venezuela, or Russia, or Saudi Arabia. Besides this, other revenue options include fishing, agriculture, and rearing livestock. Such spills are a massive drain on both resources and energy, as well as a real and pressing danger to the environment. Challenges include the scale of construction required for functional facilities and the need for facilities located in the water where the oil would be extracted from sand, which would demand extra funds and efforts. Pros -The most important resource in America is oil for many different uses.
And the people that are for it, it is because they concentrate more on the money that we pay for the gas and how we live. Are there benefits to drilling? Long-term planning dictates we must start the development of our Arctic oil resources now. Every joint of a pipeline is an increased risk of environmental contamination. In other words, it is a well established standard usage. This could wind up causing some species to become completely extinct. If oil is there, it could still take several years for the drilling to release a significantly relevant amount of oil. Learning all about the risks and benefits involved with offshore drilling can help you to develop an educated opinion on this subject.