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Keith Harrington

Keith Harrington

Posted: July 7, 2010 11:08 AM

Good News for Deepwater-Oil Junkies

What's Your Reaction:

We've all heard that we're addicted to oil. But in the wake of the BP spill we might do well to take the oil-as-a-drug metaphor a little more seriously. For starters we need to understand that deepwater oil is the really bad stuff, the petrochemical heroin -- high risk, costly, deadly. Sooner or later we were bound to OD. And unless we quit it immediately we'll OD again.

Of course kicking the offshore-oil habit will shed some jobs from the economy. Fortunately, though, with the right policies we can quit deepwater oil and actually grow new, better jobs to replace them.

That's a story some opponents of the Obama Administration's deepwater drilling moratorium don't want us to hear. Just consider Louisiana Governor Bobby Jindal's recent tirade in which he called the moratorium an "economic calamity" that has jeopardized thousands of jobs. That's right; according to Jindal it was the moratorium that resulted in the economic calamity, not the oil spill that necessitated the moratorium. In other words, the problem is industry regulation, not the lack thereof. That's the same wrongheaded thinking that got us into this mess, but Jindal's flawed logic doesn't end there. More problematic is the premise of his argument: that the people of Louisiana have no future beyond oil, that everyone has to accept the risks of deepwater drilling to keep the economy going. It's a strain of logic that really shows more contempt than support for working families.

A job is not a good job just because it offers money. And an industry is not a good industry just because it offers jobs. Like the drug trade, deepwater drilling offers no essential benefits to society except employment. You might argue that we currently need oil, but the same can't be said of deepwater oil. It can't free us from dependence on OPEC oil, it doesn't cut the cost of oil, and if anything it's a national security liability.

Economic justice for the Gulf coast means a lot more than the availability of jobs. It means the availability of sustainable jobs in sustainable industries that will always support and never imperil the health of communities, economies and the environment. The people of the gulf deserve an economy that does not necessitate the acceptance of unacceptable risks in order to get people paid.

Switching to a green economy won't be easy for an oil state like Louisiana, but it is possible. The 2009 PERI report for example estimated that the clean energy bill passed by the House last year could result in a net gain of 30,000 green jobs for Louisiana. That's good news for us oil junkies, and good news for the gulf coast. With congressional action we can kick the deepwater habit, and end up with more jobs than we had before.


 

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02:25 PM on 07/08/2010
Unfortunately your logic is misguided. You don't grow one industry by crushing another one. You grow green energy by making it enticing for the free market to invest in it. Offshore drilling would die in due time and green would rule.
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Keith Harrington
02:05 PM on 07/10/2010
I think the misguided logic is in the idea that the market will shift towards clean energy without the right kind of policies to push it in that direction. Whether it's banning deepwater drilling or putting a price on carbon, policies like that are essential to creating the price signals that tell investors that it makes more sense to invest in clean energy.
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Overtone
See bio on the Aesop Institute website
02:24 PM on 07/07/2010
Gulf and other deepwater oil may have a surprising, life threatening, impact.

See What to Do at http://www.aesopinstitute.org The subtitle is now: 350 or Else - the Gulf Geyser and Human Survival.

400 parts per million of carbon has recently been found to be the Arctic Tipping Point, which could conceivably endanger all of humanity. We are presently at 390 ppm. The safe limit is 350 ppm. See www.350.org

Ironically, confronting the surprising dimensions of the problem might generate a huge number of jobs.

A very thin film on the surface of the North Atlantic and Arctic oceans threatens to raise temperatures toward the catastrophic Tipping Point.

Consider the possibility that a massive mobilization is needed to combat what might be looming if substantial oil is coming from fissures in the sea floor and the leak cannot be capped.

Little known and hard to believe breakthroughs involving radically new energy technologies appear capable of helping to supersede oil much more rapidly than might be easily understood.

See Moving Beyond Oil on the same Aesop Institute website.

Cars and trucks could begin to cost-competitively leave behind gasoline and oil.

We need far more robust and sensible steps to massively attack the problems in the Gulf and prevent as much oil as possible from reaching the Atlantic ocean.

Sustainability and independence from oil is possible. Making it happen rapidly may require a greater effort that was required to respond to the attack on Pearl Harbor.