EDITORIAL: Rising tide against drilling
Hence the president's executive order in the spring that called for opening federal coastal waters to oil and gas leasing. That search would begin with seismic testing, the results of which are not precisely known -- but about which enough is known to make it a very bad idea. The testing, and the drilling should exploration proceed, could put coastal marine life in danger. And that's in addition to the risk of spills, etc., with exploration.
And here's the truly ludicrous thing about the argument for exploration: oil prices are depressed (excluding the post-hurricane situation) and there are plenty of reserves. In addition, onshore shale extraction is a much lower-cost endeavor than offshore projects.
That's why a bipartisan group of business leaders, members of
These leaders recognize that the alleged boom in jobs and economic development that could result -- but by no means are guaranteed to result -- from oil and gas exploration on the
One environmental disaster in the form of some giant oil spill could wound, and seriously so,
The benefits of oil and gas exploration -- hardly a certainty, by the way -- are nowhere near worth the risk, particularly when the nation is not in some kind of desperate need for the resources such exploration might deliver.
Offshore exploration has always smacked of being a purely political issue for
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