Debate of the Week: Should the U.S. Allow Offshore Oil Drilling? (Updated 2x)
Please comment below. Remember to keep it civil. Don't assume anything about the people you disagree with. I will delete any comments that are offensive or veer too far off topic. Thank you in advance.
This week's topic seems like a no-brainer, considering the massive oil spill in the aftermath of the Deepwater Horizon rig's explosion and sinking in the Gulf of Mexico. The rig in question was leased by BP Plc and owned by Transocean Ltd., and its drill was cemented into place by Halliburton just 20 hours before the rig's blowout. BP says it will pay for all "necessary and appropriate" costs for the cleanup of the spill, which President Obama called a "potentially unprecedented environmental disaster."
Speaking of President Obama, just about a month ago he upset fellow Democrats and environmentalists by calling for an expansion of U.S. offshore drilling. He has since decided that the government would delay any new offshore drilling until causes of the explosion and spill in the Gulf have been reviewed.
Supporters of offshore drilling have said it should be part of an all-of-the-above approach to the U.S. gaining energy independence, while opponents, often citing environmental concerns, would rather the country focus time and resources on renewable energy sources, such as wind and solar.
So, where do you stand? As the oil spill spreads in the Gulf, do you think the U.S. should continue to allow offshore oil drilling? Is it worth the risk to the environment and the economy? Do you even think there's much of a risk? Will consumers even see much of a price impact from expanded drilling? What do you think?
Let the debate begin!
UPDATE: Oh, and courtesy of Dick Cheney, here's something else to chew on. Make of it what you will.