Today, Explained

Drill, baby, drill

Oct 6, 2021
Sam Ori, the Executive Director of the Energy Policy Institute at the University of Chicago, shares insights on the ongoing crisis of offshore oil spills. He delves into the historical context of offshore drilling, linking it to past disasters like the Exxon Valdez. The conversation navigates through regulatory challenges, emphasizing the need for performance-based standards. Ori also tackles the complex balance between energy demands and ecological safety, exploring how economic impacts fuel debates on energy independence amid climate concerns.
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ANECDOTE

Santa Barbara Oil Spill

  • The 1969 Santa Barbara oil spill, involving 4 million gallons, significantly impacted the environmental movement.
  • This spill, caused by a blowout during pipe removal, fouled beaches and raised awareness about environmental risks.
ANECDOTE

Exxon Valdez Oil Spill

  • The 1989 Exxon Valdez spill in Alaska released 11 million gallons of oil.
  • This tanker accident, caused by dodging ice, significantly impacted regulations.
ANECDOTE

Deepwater Horizon

  • The 2010 Deepwater Horizon spill released 150 million gallons, the largest in US history.
  • This blowout and rig sinking in the Gulf of Mexico led to significant regulatory changes.
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