Obama – no drilling on the East Coast

 The move was widely anticipated after Obama and Justin Trudeau, the Canadian prime minister, declared last week they would follow “science-based standards” when it came to sanctioning new oil and gas drilling in the Arctic. The Guardian

Billions of tourism dollars pour into the coast of Florida, Georgia, and South Carolina. Offshore drilling threatens the coast fiscally and environmentally. The risk of an accident is too high, and cleaning up spills takes decades. Anyone who understands the wetlands knows that. You can hardly get balls of oil off a beach; it is impossible to remove it from the millions of acres of wetlands that cover the coast.

IMG_2550.JPG

The gulf stream is a conduit that would take any spill up the coast.  It would devastate the coastal economies, and wreak havoc with tourism. Pressure from locals all along the coast made this a non-starter, and that is good.

The drill-baby-drill crowd will not give up. Oil prices have a lot to do with the profitability of drilling anywhere, and we all know that oil prices are down. What may not make sense now may be quite attractive in ten years, and that is when we will face this threat again.

Talk about South Carolina!