Pros of Deep-Water Offshore Oil Drilling:
1. Deep-water offshore oil drilling will result in greater domestic production. More offshore drilling will lead to greater domestic oil production and less reliance on imported oil, much of which comes from politically unstable regions.
2. An increased supply of oil will lower gasoline prices. Offshore drilling will increase the supply of oil, resulting in lower gasoline prices.
3. The state will benefit, as increased drilling results in increased governmental revenues, via royalties. Opening restricted areas to offshore oil production will generate billions in state and federal revenues through royalties.
4. Improvements have been made to technology and are being made to technology in order to lower the rate of oil spills and the risk of environmental hazards. There has been a lower occurrence of oil spills in the last four decades. Technologies are being developed in order for oil drilling to be done without damaging the environment and/or disturbing the plant and animal habitats.
5. The field of deep-water offshore drilling creates jobs for America's workers. Drilling itself and development of land after the process will help in engaging people, thus creating jobs for hundreds of citizens.
Cons of Deep-Water Offshore Oil Drilling:
1. The oil found in offshore oil drilling barely reduces the United States' dependence on foreign oil imports. The US requires approximately 8 billion barrels of oil per year to meet its current needs; deep-water offshore drilling, in its conventional form, is expected to bring in only 18 billion barrels total.
2. Offshore oil drilling will not guarantee lower gas prices. Gas prices are affected by too many other variables to assume that changing one factor will significantly change the result.
3. Offshore drilling results in oil spills.
3a. Deep-water offshore drilling is associated with oil spills; both major and minor oil spills harm the surrounding environment greatly. Spills most often occur when oil is being transported to land via oil tanker, but damaged pipelines or the platform itself may also cause spills. Such spills are a massive drain on both resources and energy, as well as a real and pressing danger to the environment.
3b. Oil spills, despite improved technologies, are still common and predicted occurrences. At current extraction rates, it is predicted that in the Gulf of Mexico there will be one oil spill per year of no less than 1000 barrels over the next 40 years.
4. Offshore drilling is challenging to keep up, as it requires keeping manned facilities above water and disposing of oil rigs is costly. 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. Removing platforms and pipelines no longer in use is extremely costly.
5. Carbon emissions will increase. Expanded offshore drilling will not reduce emissions of carbon dioxide, which contributes to warmer global temperatures.
The cons are mostly environmental. At this point in our history, many argue the pros outweigh the cons.
Pros of offshore drilling are lower prices and increased domestic production. Cons of offshore drilling are carbon emissions and environmental hazards.
The population of Diamond Offshore Drilling is 4,200.
William J. Renfro has written: 'The mobile offshore drilling industry in the Southwest and the financing of mobile offshore drilling units' -- subject(s): Offshore oil well drilling, Finance
None. Any disaster caused by offshore drilling would be a man-made disaster.
Yes, minorly, it is drilling mud.
One can find a list of offshore drilling jobs on many websites. Craigslist has a category designated to finding workers for these types of jobs. One can find a few listings of offshore drilling jobs on this website.
Offshore oil drilling refers to the extraction of oil from beneath the seabed in oceans, seas, or other large bodies of water. You can check out mineralview (dot) com blogs for more information.
hercules
An offshore platform is a structure that is installed over as group of wells that was drilled by an offshore drilling rig. The function of the platform is to produce the oil from these wells. A platform can be mounted to the seabed or could be a floating type platform. Offshore drilling rigs are for drilling the wells and are mobile and moved from area to area. Onshore drilling rigs are mobile units too and are moved from pad to pad for drilling and exploration. After a well is drilled onshore, a wellhead is installed on the well. There is no need for a platform as this only economically viable in offshore applications. There have been cases where an offshore well was drilled from land into the sea, but operated from land. This can only be possible if the oil formation is not too far offshore.
One is in the ocean and one is on land. It is pretty obvious!
yes, he was for it first and then like mccain stole the democrat theme of change he claimed all of a sudden he to was for offshore drilling.
On July 13, 1999, Schlumberger Ltd. announced that it had agreed to merge the offshore drilling operation, Sedco Forex, with Transocean Offshore, to create the world's largest offshore drilling company.