Pros And Cons Of Oil Drilling

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Articles sks.sirs.com Should the United States open federally protected lands and waters to oil well Drilling?
Oil Well Drilling-SIRS
There is an abundance of oil underneath earth’s crust on land and in the water but getting to that oil can be proven as a challenge and a negative impact on the earth. Many of these oil reservoirs lie in federally protected land or water to minimize the negative impact on the earth. But should those restrictions be removed? Removing the restrictions can allow the US to tap into domestic reserves rather than rely on imported oil from the Middle East and Asia but tapping these reservoirs can also leave behind an impact that is harmful to this planet. “Critics oppose this move for fear that it will cause irreparable harm environmental harm. They point to the April 2010 oil spill in the Gulf of Mexico as evidence of the risks associated with offshore drilling” (SIRS).
Mankiw Principles:
1) People Face Tradeoffs
3) People Think at the Margin

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Hydraulic fracturing, also called fracking, is a technique designed to release the gas and oil from shale rock hidden underneath earth’s surface. The term fracking itself is referring to the point at which the shale rock is broken open by a high-pressure mixture of water, sand, and chemicals. Oil and gas fracking can be dangerous to the environment and also to humans. “In 2011, energy company Cuadrilla suspended test fracking operations near Blackpool, in Lancashire, after two earthquakes of 1.5 and 2.2 magnitudes hit the area. A subsequent study found it was highly probable that shale gas test drilling triggered the tremors” (BBC). Although these tremors were too small to do any damage above ground, this was still a test drill. If an oil rig were to become operational, the tremors could increase in magnitude, causing significant damage both above ground and underneath the earth’s

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