What Are the Advantages and Disadvantages of Offshore Drilling?

What Are the Advantages and Disadvantages of Offshore Drilling?

One of the advantages of offshore drilling is that it increases domestic oil production, while a disadvantage is the effect it has on the environment. While it has its positives, there are also definite negatives to offshore drilling.

Other Offshore Drilling Advantages:

  • Offshore drill rigs provide jobs, stimulating the economy
  • The government has the potential to increase revenue through royalties.
  • Domestic production of oil reduces the reliance on foreign oil.
  • Domestic production of oil could reduce gas prices.

Other Offshore Drilling Disadvantages:

  • Pollution caused my offshore rigs has negative impacts on the environment.
  • Oil spills such as the one in the Gulf of Mexico cause damage to animal habitats for years.
  • Offshore drilling is very expensive.