Voices in Support of Offshore Drilling

A number of prominent voices in the energy debate are discussing the need for continued safe, environmentally responsible offshore oil and natural gas development. EIA estimates demonstrate that the United States will consume 14 percent more energy in 25 years, including alternatives, renewables and oil and natural gas.

A USA TODAY editorial from yesterday explains that limiting or banning offshore drilling would deny our nation access to 40 to 60 billion barrels of recoverable oil--about six to eight years of current U.S. consumption.

With about one-third of U.S. oil production coming from the Gulf, the editorial makes the point that we need oil, but we also need to find out what went wrong in the Deepwater Horizon tragedy and apply the lessons learned. We couldn't agree more.

A Maritime Executive op-ed by Dr. Michael Economides, University of Houston Professor and Editor-in-Chief of the Energy Tribune, discusses the accident, response efforts, and "associated ideological overtones" on both sides of the political spectrum. Economides also reminds readers that offshore incidents are quite rare:

"...the industry's track record in environmental stewardship is actually exemplary...It would also serve to point out how rare these instances are in an industry that serves such a vital function in the U.S. economy."

On the Houston Chronicle blog, Bernard Weinstein, associate director of Southern Methodist University's Maguire Energy Institute, echoes the industry's 41-year exemplary safety and environmental record and mentions that "no process of mineral extraction is completely risk-free."

Similarly, in a Milwaukee Journal-Sentinel op-ed, J. Allen Wampler--former assistant secretary for fossil fuels with the U.S. Department of Energy (DOE)--says that while the possibility of an incident may always be with us, the benefits of energy development largely outweigh the risks:

"The government needs to expand oil and gas development as well as alternative energy sources if this country is to ensure that it has adequate energy supplies. This would stimulate the economy, provide well-paying jobs and reduce dependence on imported fuel."

As the oil and natural gas industry redoubles its commitment to safety and response practices, these voices stress that offshore drilling is a crucial component to our nation's energy policy. Using the Deepwater Horizon accident as an excuse to limit energy development would be short-sighted.

Comments

Related

Blog Posts

Made in America: Common-Sense Energy Regulatory Structu...

We talked recently about increasing access to domestic oil and natural gas as key to a made-in-America energy plan. Here’s another...

Blog Posts

Video: FracFocus.org and the Shale Energy Revolution

We extended first-anniversary greetings to FracFocus.org last month, but it bears repeating as the folks at the Groundwater Protect...

Blog Posts

Higher Supply = Higher Prices or NRDC Flunks Econ 101

Who could have imagined the day would come when the Natural Resources Defense Council (NRDC) crafted a report focused on relieving...

Blog Posts

Report: Industry Commitment to Workplace Health, Safety...

According to a new API report, the U.S. oil and natural gas industry’s workplace safety record measures favorably with the private...

Blog Posts

Massachusetts, Jobs and the Shale Energy Revolution

Interesting report in the Boston Globe about how a ripple of economic benefits from shale natural gas development is reaching a non...

Blog Posts

Generation Next: Securing Tomorrow’s Energy Industry...

Recently, ExxonMobil Development Co.’s L.M. Tillman addressed a gathering at the Offshore Technology Conference on the subject of e...

Blog Posts

Keystone XL: Safety, Reliability and Jobs

TransCanada President and CEO Russ Girling has a letter to the editor in the New York Times after the newspaper’s recent editorial...

Blog Posts

Made in America: Increase Access for Secure Energy Futu...

American-made energy. With the Energy Information Administration projecting that the United States will need more than 16 percent a...

Blog Posts

Video: Water Management is in Everyone’s Interest

Check out this video by WPX Energy that describes the careful way energy companies are using water from Donegal Lake in south centr...

Blog Posts

Study: E15 Could Put Some Engines at Risk

More on the potential risk to America’s car and truck fleet posed by E15 – gasoline containing 15 percent ethanol that has EPA appr...

Blog Posts

Video: A Plan for Our Energy Future

According to the Energy Information Administration, oil and natural gas supply more than 60 percent of the energy we currently use...

Blog Posts

In an Election Year, Time to Talk Energy

Just a thought, but how great would it be if one of this fall’s presidential debates focused solely on energy issues? Past presid...

Blog Posts

Unused Leases? You’ve Got to be Joking!

The warmed-over claim that oil and natural gas companies aren’t using large numbers of leases on public lands is like a Mark Twain...

Blog Posts

Watch Live: Energy in an Election Year

.blog #main .post-body .video-wrapper { width:500px; height:418px; padding:0; overflow:visible; margin:0 auto 18px; } ....

Stay Connected