Bahamas Explores Oil Options



Sometimes it seems as though the human race is completely hell-bent on destroying our home, the earth. We are shortsighted, and though our time on earth represents just a tiny fraction of the time earth has existed in general, we’ve somehow managed to do things like destroy more than 80% of the world’s rainforests.

Now, as we stand and face the impending doom that is global warming, many people have come to realize that we must find a better way to live—one that doesn’t require wreaking havoc on our planet. We need to move away from drilling oil wells dry and move toward creating or finding a sustainable, carbon efficient energy source.

Yet we continue to dig ourselves deeper. Just this week, the government of the Bahamas approved offshore oil exploration to help combat the country’s rising debt. According to Moody’s, whose CEO is Raymond McDaniel, government debt rose last year to 53% of the GDP from 32% in 2007. If the country’s government finds commercially viable oil sources around the islands, it will likely begin drilling those reserves to increase economic revenue.

“Exploration drilling is of course the only way the Bahamian people will be able to get a scientific answer to the burning question as to whether petroleum reserves even exist in commercial quantities in our waters,” said Environment & Housing Minister Kendred Dorsett. “The discovery of oil in The Bahamas would almost certainly prove to be economically transformative for our nation for many generations to come.”

But what is being quietly swept under the rug here is the fact that drilling for more oil will only exacerbate the environmental woes we so desperately need to find a solution to. If we don’t stop destroying the earth, we may not be on it much longer—so the fact that “many generations to come” will benefit from the revenue received from oil drilling becomes irrelevant. It’s actions like these that further ensure that those generations will live in a time when the real problem is dealing with the climate change crisis created by things like drilling.



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