Download Disadvantages: If no drilling is done

• Set up domestic sites.
• Remove the ban applied for offshore drilling sites.
• Production increment from Bakkan Shale and ANWR.
• Explore alternative fuel resources
• Pros
-
Boost in Economy.
Reduction in oil price.
Refinery expansion.
Increase in employment opportunities.
• Cons
- Long waiting time for the results.
- Reduction in development of alternate energy.
Will the US dependency on foreign oil companies be reduced
with offshore drilling?
Will the fuel price at the pump reduction be guaranteed with
offshore drilling?
Will there be increased oil spill with offshore drilling in the US?
Will there be increased carbon emissions?
Will there be negative impacts on environment with
offshore drilling?
Will the offshore drilling be more of political interest rather
than providing solutions?
Will offshore drilling be solution to the US energy crisis?
Friend or Enemy? Will the advantages outweigh the
disadvantages?
Disadvantages: If no
drilling is done:
Advantages: If
drilling is done:
 Dependency on foreign oil
 Become self-reliance in
 Less control in terms of oil
 Can have control on oil
 Trade deficit continues to
 Reduction in trade deficit
continues
pricing at the pump
increase
 Lack of new job creation
and stimulation of economy
terms of oil
pricing
 Opportunities of new jobs
and thus economy boosts
 National voting on the oil issue
rather than congress deciding
on the matter
 Governmental laws and
regulations establishment
allowing States to choose the
drilling areas for oils within its
borders
 Tax breaks for oil companies so
as to create job opportunities
along with domestic oil
production
 Address environmental (EPA)
issues and take mitigating
actions
Action Plan
 What to do?
 Launch energy movement in the nation so as to
reduce the risk involved in energy sector and to
boost up the declining economy of the U.S.
 Create balance of oil production with alternative
sources of energy as well as efficient energy
management
 How to do?
 Provide incentives for drilling
 Explore and expand own natural and gas
resources
 Collaborate with EPA to protect the interests and
health of our environment
 Easy and user-friendly regulations
 Economic incentives for constructing enhanced
buildings and machines.
 Who is to do?
 Empowerment of private enterprises &
corporations.
 Enable competition and/or free markets.
 DRILLING – the final
resolution to the problem
 Reduce foreign
dependency and OPEC
pricing
 Opportunities for new
jobs
 Economic Stimulation
 Lower fuel cost at the
pump
 Reduce sending money
overseas oil companies