Let's be clear here, drilling five miles beneath the ocean surface is a desperate move. It's the sort of thing you'd do if you couldn't find oil any place else. Despite what Republicans like Sarah Palin have been saying, environmentalists didn't force drilling offshore by opposing drilling on land in places like the Alaska National Wildlife Refuge. Like deepwater drilling, drilling in ANWR would be a desperation move. Of the leases of federal land that oil companies hold, 68 million acres are unused. ANWR isn't the only place left. And the final nail in the coffin of "we have to do deepwater drilling" is oil price. If we were really so desperate for oil that we absolutely had to drill deep in the ocean, supply and demand would dictate that oil prices would be through the roof in historical terms. Nearly the exact opposite is true:
There is no logical reason to be drilling this deep. We don't need oil that badly...[CLICK TO READ FULL POST]
There is no logical reason to be drilling this deep. We don't need oil that badly...[CLICK TO READ FULL POST]
