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Home Social & Political Halting Offshore Drilling Would Threaten U.S. Economy & Energy Security
Halting Offshore Drilling Would Threaten U.S. Economy & Energy Security Print E-mail
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Written by U.S. Senator Kay Bailey Hutchison   
Tuesday, 08 June 2010 07:58

Lessons Learned from Oil Spill Must Spur Greater Safety and Oversight

 

For nearly forty years, oil rigs have been safely drawing natural resources from the depths of the earth’s crust in the Gulf of Mexico. Up until the tragic explosion on the Deepwater Horizon in April, oil and gas development off the Gulf Coast has been conducted without major incident. The resulting oil spill and the response by both the administration and the companies involved have justifiably frustrated many who are concerned about the environmental and economic impacts. This accident could have far-reaching consequences, and we can all agree that proper safeguards must be in place to prevent another catastrophe from happening again.

 

However, I strongly disagree with those in Congress and in the administration who are calling for a drastic – and economically destructive – change in our energy policy in response to the oil spill. This devastating but isolated incident must not result in an end to offshore energy exploration and development. Oil and gas remain a critical part of a balanced domestic energy portfolio.

 

Unfortunately, President Obama signaled a troubling shift in policy when he recently announced he will extend a moratorium on all deepwater drilling off our nation’s coasts for six months and even shallow water drilling for some period, as well.  Delaying access to all Gulf water drilling places some of our most resource rich assets out of reach. Drilling in the Gulf of Mexico alone accounts for about 30 percent of domestic oil and 13 percent of natural gas production. Of those abundant resources in the Gulf of Mexico, 70 percent of oil and 36 percent of natural gas are drawn from deepwater wells. Shallow water drilling poses little threat because the wells are more easily reached if a problem occurs.

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Placing those resources off limits undercuts our domestic supply of energy, which will result in higher energy costs for all Americans. It also threatens thousands of jobs associated with oil and gas development along the Gulf Coast. Some of these jobs will move overseas; some will never return. Furthermore, cutting off significant portions of our domestic resources places our national energy security at risk and could force us to increasingly rely on the costly oil of foreign regimes that do not have our best interests at heart.

 

With steep economic and national security considerations at stake, we cannot afford to significantly deplete our domestic resources. Instead, we should take what we learn from the extensive investigations into the Deepwater Horizon explosion and oil spill and apply those lessons to technical and procedural advancements in the oil and gas industry. Government oversight should be improved. Guided by common sense, we can put into place a plan to restore domestic oil and gas production in the United States in the safest manner possible.


As well as improving technology and adopting more stringent safety measures, we should to look at other energy resources that aren’t presently being utilized or are underemphasized in our energy portfolio. Our most valuable untapped resource is the Arctic National Wildlife Refuge (ANWR). It has even more potential than the Gulf of Mexico. This remote frozen tundra could be drilled with minimal impact on surrounding life. ANWR is the size of South Carolina and the area drilled would be roughly the size of Dallas Love Field Airport. The majority of Alaskans support drilling in ANWR and welcome the jobs and economic growth it would bring to their communities. Federal law, however, places ANWR’s estimated 10.4 billion barrels of oil under lock and key.

 

The Deepwater Horizon incident also shows the importance of a comprehensive energy policy that is not limited to a single industry.  In the event that a given source of energy is taken offline for any reason, we must be able to rely on other sources to fuel our vehicles and power our homes and businesses. Nuclear power is a clean, efficient, and inexpensive energy resource that should play an important role in America’s energy future. Solar power, wind energy, and advanced biofuels will also expand our energy portfolio and provide alternative resources to further ease our reliance on foreign fuel. Emphasizing these industries will also create stable, lucrative jobs for American workers.

 

It can be human nature to react impulsively to a challenge as significant and daunting as the Gulf Coast oil spill. But human nature and common sense, unfortunately, are not always synonymous. It is important that our response be prudent and thoughtful. We should take the opportunity to learn from the mistakes that were made and find ways to improve our existing energy policy. I believe calls to halt offshore drilling are reckless and would be detrimental to our economy and our long-term energy security.

  

Kay Bailey Hutchison is the senior U.S. Senator from Texas and is the Ranking Member of the Senate Committee on Commerce, Science, and Transportation.

We invite all of you to get a discussion going.  Please submit your comments at the end of this article, Thanks.


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Ridiculous
written by Phred Kite, June 18, 2010
Oh how the mighty don't listen. What a mess the Bush policies and Corporate greed have made. Now the Gulf will die, either choked on oil, or strangled by no drilling depending on who you listen too.

Stop the insanity of thinking we know what we are doing. BP's complete failure to plan, act and carry through shows us what companies cozy with the Texas Republicans are really capable of.

Close down all off shore drilling or prepare to close down all the beaches and fisheries of the world.
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...
written by Larry Drennan, June 17, 2010
Let's all revert back to the good old days of drawing water by hand from a well, cooking with wood stoves and also heating with wood. Let's outlaw fossil fuel vehicles or equipment of any type. Let's all plant our own gardens and raise our own food and shut down the large supermarkets. We can all walk to work and travel every five years to see family and friends. We could use wagon and horse drawn vehicles. Let's shut down the electric energy grid throughout America and go back to the days of the dust bowl, no phones, no internet, no electricity, no pagers, no voice mail or any of the modern convienences we all enjoy. Wind tubine farms in my part of Texas are going up fast and furious, solar panels are being put in place everywhere, farmers are using more efficient technology to raise crops to feed the multitudes and guess what, all of the convienences mentioned in some form or fashion are tied to fossil fuel. Get a grip and stop talking and start doing something and take a look at the big picture. It's not always about donations and politics it's about realistic thinking. why don't we buy our president another pack of cigarettes and send him back to the coast and let him get this fixed.
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President of OTRA Hispanic News
written by Fernando Ramirez, June 17, 2010
Yes, this is a tragedy for Ameica and its coastline, but we can not just stop drilling in the ocean or land. This is a double hit on our economy and recovery from a bad economic downturn. Why have Americans become such cry babies? Why do we have to wait for the government to come to our rescue everytime we have a crisis. No one ever thought this could happen, so they did not plan on a course of action. Everyone knew that if a disaster like this happened, it would be very damaging, but everyone said hey it's not my problem and ignored it. Well now it has happened and we cannot afford to waste any time blaming someone else. We are all to blame, because we did not learn from 911 to be prepared for anything that threatens America. Let us unite to solve our problem and then figure out what is needed to keep it from happening again.
In unity there is strength, but in education there is freedom!
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What about the economic impact on those of us who live/work on the Gulf???
written by lucinda wierenga, June 17, 2010
I own a rental unit and teach sandcastle lessons and my heart is breaking for my counterparts in LA, AL and FL.... I can imagine all too easily how devastated I would be if this had happened in _my "back yard." NO MORE DRILLING UNTIL TRUE FAIL SAFES HAVE BEEN PUT IN PLACE. I don't care how much it raises the price of everything we use and drive - nothing is worth the devastation of our most precious natural resources.

It is sickening to me that you put the welfare of big oil ahead of the people and creatures you represent. You do not deserve your seat, madam.
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...
written by Robin, June 17, 2010
Yes, it's scary having the rug pulled out from under you. Imagine how the dolphins, fish, birds and all those creatures in the Gulf feel. Time for a change.
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No, it doesn't threaten the economy
written by Kirby McDaniel, June 17, 2010
It's time that we understand that this offshore drilling is dangerous. I would not expect any other response from Senator Hutchison other than the one we see here. This offshore drilling provides only a miniscule percentage of the oil we use. It is marginal at best.
We need leadership. What we get from Senator Hutchison is the same old orthodoxy. It's time we wake up to the cozy co-dependency of the GOP and OIL.
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Client Relationship Manager
written by Kevin Marren, June 17, 2010
As a fellow Texan I understand the concern about the economic impact of halting offshore drilling. However, let's not kid ourselves. The time to convert to a clean energy economy is now. Every day we delay while people like out fine Senator worry about the impact it will have on her ability to raise money from O&G companies we: ship millions overseas to countries that are not friendly to the US, we ruin the environment, we fall behind in what will be the next huge economic wave.
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