Why Deep Water Drilling May Lead To Massive Disaster
Deep water drilling is not the answer to our energy conundrum and neither is nuclear.
The Gulf oil disaster will be huge in the future as earlier the US congress allowed oil drillers to make their own rules and trusted them. There are now more than 20,000 deep oil wells that were capped off with no standards, and they are starting to leak oil.
Running a deep oil rig like RIG or Diamond offshore with helicopter pads and a small city of workers cost over a million a day rental. So they can only extract less than 40 percent of the oil because the rest costs more than one million a day. This is the reason they leave 60 percent under pressure that we cannot imagine.
Just think about 1 mile of water plus 1.5 miles of land under the water pressing down on the oil well that is 2.5...