Oil: Tragedy and Transition
Article from: OGEL 3 (2010), in Oil Spills
Introduction
The Gulf of Mexico (GoM) oil spill presents both the United States and the whole world with a great tragedy but also a great dilemma. On the one hand, the undoubted and hideous environmental impact has sent a shudder through Governments and oil companies everywhere alike. Authorities have rushed to suspend deep sea drilling. The United States imposed a moratorium that banned drilling in water depths greater than 152 metres (500 feet) for six months. Norway has suspended future deepwater drilling in the 21st Licensing Round until the cause of the Deepwater Horizon ...