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Originally Posted by Ethereal  Here's the real question. What negative effects could come about from increased exploration and exploitation? |
Environmental damage (really that depends where we're drilling). Redirection of resources away from renewable. Redirection of attention away from raising efficiency on a variety of things from cars to fridges.
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I've heard many arguments why more exploration won't alleviate oil prices (which I find to be quite dubious) but I haven't heard a reason why we shouldn't do it anyway.
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If you understand commodity markets along with basic economics of big supplier vs. small supplier, we can't do much to prices unless we nationalize (or get the dollar up).
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Even if you can make the theoretical argument that exploration won't help mitigate prices we won't know until we try, so why are there so many people in this forum who are against the furtherance of exploration and exploitation? Give me one good reason why we shouldn't do it.
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There's not really a reason not to do it. It is that many of the arguments for drilling are often one sided, non-fact based, and believe that we can drill ourselves out of this problem.
Increased drilling is at very most stalling for time.