I was wondering what members think about this now that gas is over $4 in most places. Should the moratorium on offshore drilling be lifted? If the moratorium is lifted, it will place the decision to proceed in the states' hands.
Personally, I think we should. This will start to relieve supply issues down the road (no pun intended). Our own resources could supply at least 10% of the US need, and more if we get better at conserving (which we will). And just the fact that we are drilling, will affect the speculative market, and cause prices to drop some.
I think there probably was good environmental reason, at one point, to take a step back. We could afford to, as oil prices were cheap. Now, we have more environmental regulations and technology in place than probably any other country. And if we start drilling again, it will be done with much more stringent environmental controls. Will accidents happen? Sure, but I think the time is right.