Hey! let's do this everywhere! The Arctic Ocean and off the coast of Alaska where the conditions are far more extreme and the environment is also incredibly fragile. Yes. Drill baby drill. Getting the oil and natural gas (and coal) are worth any cost.
Of course, now the news has changed. President Obama has placed a moratorium on exploratory off-shore drilling until the investigation into this incident is done. That 1,000 barrel oil leak has been upgraded to 5,000 barrels a day - or a quarter million gallons of oil into the Gulf a day. There are no real estimates of how long it will take to stop three leaks from this one well. (Don't you think there is a certain irony to calling 5000 barrels oil a day blasting into the Gulf of Mexico a "leak." ) The media is doing the usual - not challenging outright lies. The clip below is from MSNBC Nightly News for April 29, 2010 (full segment). In this 30 second clip, the BP representative boldly claims that "No one in the history of the industry has ever had to fight a leak 5,000 feet down."
Now that isn't really true, and there is at least one very recent example. In November of 2009, the Montara oil leak in the Timor Sea off the coast of Australia was finally stopped after leaking an estimated 300-400 barrels a day for more than two months. As with the BP leak, the Montara platform caught fire, but that was after the leak - not before it. That raises the question of which came first with the Gulf platform - the leak or the fire. Also, the Montara platform did not collapse into the sea. However, the Montara leak was also deep water - namely it was almost 1.5 miles down, and not the supposed 1 mile of the BP well.
The Montara well was owned by PTTEP Australasia which is a company based in Thailand. They have refused to release final report from their leak, but the Montara well was insured, but the capping operations reportedly exceeded their insurance. I have seen no reports thus far regarding how much insurance BP has on their platform. Perhaps we should put BP in touch with PTTEP for a few pointers on dealing with a deep drill "leak." Perhaps we should ask MSNBC why they don't challenge blatant lies from officials (corporate or political).
Gulf of Mexico Leak
4/29/10 BBC, Gulf of Mexico oil slick said to be five times bigger
US oil rig spill 'very serious' Gulf oil well leaking - 'a very serious spill'
Coast Guard tries Burning Gulf Oil Slick
Every Branch Of Government Investigating Killer Oil Rig Disaster
Montara Oil Leak - Australia
Australia oil well catches fire
Australian company refuses to hand over oil leak report