KARL GROSSMAN PHOTO Environmentalists and public officials in Suffolk County would rather see wind farm development, above, rather than oil drilling off the Atlantic shores.
It was a case of offshore oil drilling deja vu for me, having broken the story about the oil industry seeking to drill in the offshore Atlantic, including off Long Island, nearly 50 years ago.
But this time around, offshore drilling would be completely unnecessary with the U.S. awash in petroleum — $2.50-a-gallon gas — and oil drilling in the sea 10 times more costly than drilling on land. Plus, renewable energy, led by solar and wind, is now well-developed and cheaper than fossil fuels. (more…)
The Obama administration’s recent move opening up a vast area of the Atlantic Ocean to our south to oil and gas drilling comes at a curious time.
Right now there’s so much of the stuff being produced in the U.S. that the industry can’t find places to store it. Add to that the fact that gasoline is at the lowest price in years, and the initiative comes despite the impacts along the Gulf of Mexico, still being felt from the massive 2010 Deepwater Horizon oil spill. (more…)