you are so wrong..
1) A spill from 100 or 5,000 feet would crush our tourism industry.
Evidently YOU never dove to 100 feet versus 5,000 ft (which by the way 5,000 is not possible without a submersible).
WHICH was my POINT.. a 100 ft water depth is so easy to contain I'm going to shout!
THERE WOULD BE NO MASSIVE SPILL like there was from the 5,000 FT!
Do you understand the tremendous difference in risk factors???
2)
You can spin it all you want-but you can't deny the fact that drilling in the waters up to 10.5ish.. and state's right are NOT the ISSUE!
It is the False premises that you and others keep filling uninformed people with that is KEEPING the billions of royalties and 1,000s of JOBS from Florida's OIL!
You and the other anti-drilling are so dumb about the economics involved!
FACTS: from this site:
Florida::Gross Domestic Product & Income
Private Industries $652,509 87.26%
Finance, Insurance & Real Estate $182,776 24.44%
Trade, Transportation & Utilities $139,956 18.72%
Government $95,225 12.74%
Professional & Business Services $87,504 11.70%
Education & Health Services $69,205 9.26%
Leisure & Hospitality $42,674 5.71%
Manufacturing $38,424 5.14%
Construction $33,542 4.49%
Information $31,759 4.25%
Other Services $19,901 2.66%
You wrote"
3) The supply-demand curve is a normal curve when discussing the oil industry. The equilibrium price is driven more by the demand, rather than the supply. You cannot look at oil's price the same way in which you do most goods or services.
Sure... of course you should also look at this...
2) Oil versus Tourism..
On the cost side of the ledger they calculate that it would cost $17 per barrel to produce offshore oil at $50 per barrel and $20 per barrel at $100 per barrel. They incorporate a Minerals Management Service estimate of $700 million as the cost of the environmental damage [PDF] caused by producing 10 billion barrels of oil offshore. They include an estimate of damage caused by greenhouse gases produced by burning the oil as fuel, and the direct costs of local air pollution, and traffic congestion and accidents. So what did they find?
At $100 per barrel, outer continental shelf oil production of 11.5 billion barrels of oil would reap $1.15 trillion in revenues, lower oil prices by $99 billion, and reduce the costs price disruptions by $51 billion, resulting in total benefits of $1.3 trillion. Drilling costs would be $238 billion, environmental costs and greenhouse gas damages would total $2 billion, the costs of local air pollution, traffic congestion, and traffic accidents would be $22 billion, $33 billion, and $38 billion respectively. So the total costs of producing 11.5 billion barrels of offshore oil would be $332 billion. Hahn and Passell calculate that at $100 per barrel, the net benefits of producing offshore oil would come to $967 billion, or a trillion dollars. They note that even if the total costs were doubled in both scenarios, “the qualitative conclusion that resource development passes any plausible benefit–cost test still holds.”
Weighing the Benefits & Costs of Offshore Drilling - Reason Magazine
And Florida's share would be close to $10 to $20/barrel which would make OIL royalties directly adding nearly $300 million a year..which is more than Tourism!
