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Notes on the Climate: No end in sight

Author

Listed:
  • Luise Röpke
  • Max März
  • Jana Lippelt

Abstract

Millions of litres of oil are flowing daily from the wellhead of the destroyed Deepwater Horizon drilling platform into the Gulf of Mexico - and an end is not in sight. The current oil catastrophe has touched off a wide discussion on the risks and utility of offshore drilling for oil. Particularly risky are deep and very-deep water drilling. Despite the evident risks and often expressed reservations, oil companies are increasingly planning the exploration of new off-shore oil deposits. This article presents an overview of current offshore drilling in its geographical, economic and political context.

Suggested Citation

  • Luise Röpke & Max März & Jana Lippelt, 2010. "Notes on the Climate: No end in sight," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(12), pages 64-66, June.
    • Handle: RePEc:ces:ifosdt:v:63:y:2010:i:12:p:64-66
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    File URL: https://www.ifo.de/DocDL/ifosd_2010_12_4.pdf
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    References listed on IDEAS

    as
    1. Marc Gronwald & Jana Lippelt, 2009. "Focus on the climate - How long will our resources last?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(21), pages 42-44, November.
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      More about this item

      JEL classification:

      • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
      • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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