Arctic oil drilling pros. The Pros and Cons of Arctic Oil Drilling 2019-02-02

Arctic oil drilling pros Rating: 7,1/10 1285 reviews

The Pros and Cons of Arctic Oil Drilling (And Why We Should Start Now)

arctic oil drilling pros

First: The Chukchi is shallow. Significant wave data has been recorded over the past three decades for both the Chukchi Sea and the Kara Sea to narrow down potential drilling windows. Even the noise and the dust from such operations can harm the local fauna. If we could find local sources of oil, like those that are found in the Refuge, then the billions of dollars that are spent to import oil every year could be spent at home instead. How would we heat our homes? The pipeline company works with the researchers to get them access to some of the restricted roads.

Next

What Are Some of the Pros and Cons of Oil Drilling in Alaska?

arctic oil drilling pros

Leave a Reply Name required Email will not be published required Website Comment. It Would Keep Our Dollars Local When it comes to oil, the United States imports about 50% of what it means annually. Another option is letting nature deal with the oil through biodegradation. Here are the pros and cons to consider when thinking about drilling for oil in this protected area. It is difficult to say what the long-term economic and environmental effects of oil drilling and fracking will be. It Could Create Thousands of Jobs Unemployment rates fluctuate month-to-month, but there is no denying that the impact of the Great Recession is still being felt by working families. One day the world will need to transition to renewable energy resources.

Next

The Impact of Offshore Oil Drilling in the Arctic

arctic oil drilling pros

My brother would love knowing this since he is looking into getting petroleum services. Supply chains would be lengthy, and exploration seasons limited to four months of the year. The Global Energy Institute reports the fracking industry has created 1. Based in California, the company is currently in the process of installing hundreds of combined solar and storage systems on the West Coast. That is the answer we must each determine for ourselves. During these months, major storms, frigid waters and 50-foot-high waves are common.

Next

The Benefits of Arctic Drilling

arctic oil drilling pros

It could take a decade or more for Alaska to work out leasing details with interested oil companies. None are perfect under the best of conditions, and as TechKnow found, the efficacy of these techniques is being questioned for use in the frigid Arctic waters. The National Academy of Sciences panel said that development of the area since 1968 has produced large social and economic effects — some positive, such as better schools and health care, and some negative, like increased diabetes and alcoholism. Pros and Cons The argument for drilling in the Arctic National Wildlife Refuge is economic. A record ice-melt was recorded in 2012 which also began to allow the Northwest Passage to become navigable. She has a bachelor's degree in English from Miami University and a master's degree in writing from the University of Washington in Seattle.

Next

The Pros and Cons of Arctic Oil Drilling (And Why We Should Start Now)

arctic oil drilling pros

Fracking is the process of injecting high-pressure water, chemicals and sand into shale beneath the earth's surface to release gas and oil trapped within. When companies are exploring for oil, they drive huge tundra tractors that can rip up vegetation and destroy. More than 50% of it is less than 200 feet deep. The stakes were high for the company - and the environment. Access roads run alongside the pipelines so that workers can maintain the pipes. Last week, the Senate voted to open up the refuge to oil and gas drilling for the first time ever. It can be poisonous if ingested.

Next

What are the disadvantages of oil drilling in the arctic region?

arctic oil drilling pros

It said the environmental effects continue to grow despite efforts by the oil industry and regulators to minimize them, including new technologies that have reduced off-road travel and made drilling platforms smaller. Given the harsh conditions, not to mention our current relatively low-priced crude environment, you might wonder why American oil companies are so interested in drilling there. Foreign imports of oil cost Americans billions of dollars every year. Any investments recommended by Investment U should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. And given how long it takes to explore and develop new offshore oil resources, the time to start is now.

Next

What Are Some of the Pros and Cons of Oil Drilling in Alaska?

arctic oil drilling pros

By drilling for oil in the Refuge, there is the strong potential of creating high paying jobs by the thousands so that people actually have a chance to improve their way of life — even if they are not in the wealthy class. This infographic shows some of the pros and cons of drilling in the Arctic National Wildlife Refuge. Our modern society is built on the burning of fossil fuels. And the amount of oil we could potentially produce here may be too significant to pass up. Approximately 13,000 new wells are drilled every year and a 2014 study revealed that at least 15. This means finding alternative sources of fossil fuels may become necessary for our modern lifestyle to continue being supported.

Next

Arctic National Wildlife Refuge Oil Drilling Pros and Cons

arctic oil drilling pros

Nestled between Siberia and Alaska, with an area of 230,000 square miles, the Chukchi Sea is navigable only four months of the year. Earthquakes have been on the rise in areas where fracking is prevalent. Oil and gas development has in other areas. Alternative Energy Benefits As we continue to look at alternative energy sources, the idea is to also cut down our dependence on foreign oil in the meantime. About the Author Heather Skyler is a business journalist and editor who has written for wide variety of publications, including Newsweek. This makes it feasible to explore the option of Arctic drilling.

Next

Pros & Cons

arctic oil drilling pros

At the top of that list is oil. She also worries about the construction trucks, the power lines, and the increased road traffic that would come along with oil development. Ironically, she says the only reason she and her colleagues are able to gather data from the far-flung regions of the 49th state is because of the Trans-Alaska Pipeline System. It can also , and is very difficult to clean up. Even when all the signs are correct and it appears that there is a large reserve of fossil fuels that can be tapped, there is always the possibility that nothing may be found.

Next

ANWR Oil Drilling Pros and Cons List

arctic oil drilling pros

This is particularly true for the animals that call the region in question home. The coastguard is really good at recovering oil in the water, but we have that ice water interface that really hadn't been approached much. The Chukchi Sea, which is a marginal sea of the Arctic Ocean is estimated to hold as much as 30 billion barrels of oil and gas. The Rapid Rise of Fracking The number of natural gas wells in the U. How long would our society last if starting tomorrow, there was no oil that could be used. It's all a trade-off, if you have oil accumulating at the surface, you have birds, marine mammals that could come up through that oil, and that can be very problematic. Are you beginning to see where this is going? If not, would you say the pros and cons seem fairly balanced, or does one outweigh the other? This is one of the most important issues in energy today.

Next