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Of course there is. Many oil tankers end up spilling oil for one reason or another. This ruins the environment and kills birds and animals. I suggest you watch the story of the Exxon Valdez accident in Alaska. The damage done from the spill will last for a 100 years.

There are no drawbacks to the oil itself but to the transportation of oil. Pipelines can damage the tundra and tanker ships can spill oil into the bay/sea/ocean.

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