Essay about Drilling for Oil in The Gulf of Mexico

As time goes on, definitions of words change. In the Elizabethan era, the word shrew has been used to define ill-tempered and sharp-tongued women. Yet in present day, associating a specific gender with a word is not as important as it was in the past. The noun shrew could be used to define any human, despite their gender. In Taming of the Shrew, Katherina Minola is supposedly the shrew which the title of the play has labelled. However, when Petruchio is introduced to the play, it is easily apparent that he is a significantly more accurate depiction of a shrew. Petruchio, from Taming of the Shrew, accurately portrays a shrew because of his unpleasant characteristics and the cruel way he treats Katherina.

America shouldn’t drill in Alaska because it doesn’t really help our economy. In document B it states that “ If oil is discovered less than 2,000 acres of the 150 million acres of the coastal plain would be affected.” The oil from the ANWR possibly created up to 735,000 jobs because they are building a new oil refinery and they need places to get

Oil has made many dreams come true. Oil was the best thing that had ever happened to some people and the opposite for others. Oil has not only brought income to people but it has brought new schools and educations, New jobs for people who need them, but sadly has also caused divorce.

Evidence: According to the U.S. Geological Survey they have estimated that there are 16 billion barrels of oil available for drilling, and would be sufficient enough to replace all of America’s imports from Saudi Arabia for

America should drill in Alaska for oil because it's good for the economy. Document C says the United States uses more oil than it could find domestically, even if we were to drill on all public lands. The United States uses 25% to 30% of the oil produced

How did the national demand for oil affect the local businesses in Texas, and how did Texas oil discoveries affect the national oil market?

Many do not realize the impact of discovery in Texas oil has led to. It has led to new ways of thinking and creative inventions. Without the oil that was discovered in Texas, we would not be able to do many things we are able to do today. Through the research I have done, I have found many important events that were impacted by oil and I have composed a layout for you of the radio broadcast about Texas and its oil.

Offshore drilling has become an essential part of today’s oil production and demand for energy. With the growth of population comes the increasing demand for oil. The oil industry today, is one of the most used providers of energy. Today in the 20th century the majority of the population in America has a car and cars needs gas to run. The oil reserves in the earth that are easily accessible via land are starting to run dry and are becoming harder to find. This is why we have begun to see more and more offshore oil drills. Although there are benefits of offshore drilling such as profit, lower gas prices, and becoming less dependent on foreign oil. There are also many drawbacks in which if something were to go wrong, the mistake would be catastrophic impacting the environment, the nature, and have trickling effects all around the world.

Another reason against drilling much research has shown that all the oil that will be produced will only last for about six months. The fact that the British Petroleum has greater potential to produce more oil and natural gasses (Markey 2004) than ANWR so why bother with it , supporting the case that drilling is pointless. Then there is the percentage that after oil production of ANWR, the foreign oil dependency will only drop from 56% to 50% (Markey 2004).Then the oil produced would reach the market ten years later after it was produced, leaving the gas price decrease to one percent(Lamar and Markey 12). There was also the reality of natural gases. ANWR does not confirm any sign of them, when President Bush ordered exploration for natural gasses (Klyza and Ford-Martin 1).Again proving drilling pointless.

Oil has been an important resource of energy in America “since the discovery of the Spindletop geyser in 1901. It drove huge growth in the oil industry in America. Within a year, more than 1,500 oil companies had been chartered, and oil became the dominant fuel of the 20th century and an integral part of the American economy” (History.com Staff). This had developed the construction of pipelines to move the oil within the country and offshore in coastal waters. Recently, the federal government approved the construction of a new pipeline that would be transporting crude oil from North Dakota to Illinois.

The Standard Oil Company of California(Socal) is trying to determine how much to bid on the Gulf Oil Corporation. George Keller, the CEO of Socal, would need to borrow 14 billion dollars in order to make a substantial bid. While banks are willing to lend the money because of Socal's low to debt ratio, the loan would put the company in a highly leveraged position. In order to alleviate that debt, some of Gulf's assets could be sold. Keller has to consider the value of Gulf's exploration and development program when calculating future returns. Two billion dollars were being spent on the exploration and development program. This money could instead be used to reduce the debt if Socal acquired the company. However, the exploration program

Imagine a world where fresh and clear water was a luxury. Imagine water so contaminated with chemicals that every plant it comes into contact with dies. As the trees begin to die, oxygen levels drop. As the vegetation dies, wildlife begins to die out. The polluted water which flows through the ground into wells causes instant contamination. As the water flows out of the sink, one can strike a match and light the liquid on fire. Showering in these chemicals is out of the question. Fresh water has become a comfort, rather than a given. Could planet Earth survive this existence? If hydraulic fracturing, otherwise known as fracking, were deemed legal, this question may be put to the test. Fracking is a process in which

America must wean itself off of dependence on foreign oil, and one valid solution to this problem is offshore oil drilling and production. America’s economy is heavily based on petroleum, as though it is the nation’s blood; a necessity for survival. About 25% of oil produced in the U.S. comes from offshore rigs. Most of the U.S. coastline has been off limits for oil drilling since the early 1980s. Due to environmental concerns after an oil spill off the coast of California in 1969, an offshore drilling moratorium was imposed. Since then, the U.S. has amplified its energy consumption to where it uses nearly 25% of the world's oil. Meanwhile, the U.S. produces about 10% of the world's oil. That has made the U.S. heavily reliant on imported

crude oil allowed in at the bottom of the tower at a time so that the

Another benefit of offshore oil drilling consists of increasing job opportunities for people. The unstable economy in the United States results in people losing their jobs quite often. In the book Offshore Drilling, the loss of job opportunity in the United States is explained this way: