Charles Krauthammer
Here's my question: Why were we drilling in 5,000 feet of water in the first place?
Many reasons, but this one goes unmentioned: Environmental chic has driven us out there.
As production from existing shallower Gulf of Mexico wells declines, we go deep (1,000 feet and more) and ultra deep (5,000 feet and more), in part because environmentalists have succeeded in rendering the Pacific and nearly all the Atlantic coast off-limits to oil production.
Even President Obama's tentative, selective opening of some Atlantic and offshore Alaska sites is now dead...
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