Beyond the BP Oil Spill: Abandoned Wells May Spell Disaster
There are a number of reasons that we're seeing more and more dangerous spills -- First of all, oil is running out. Especially the easily-accessible stuff -- the reservoirs on land and close to shore are drying up, pushing speculators and drilling companies further out to sea, where it's much more perilous to drill -- and much more difficult to prevent a disaster once it's been unleashed.
And, since governments around the world have been slow to react to a possible (although admittedly debatable) decline in oil around the world, most of them still rely on getting a steady flow of it. Inevitably, governments will be even more willing to let them dangerously and recklessly drill -- because their economies depend on it. Hundreds of thousands of abandoned or unsealed wells are scattered across the U.S. alone. And there are thousands of wells that might as well be ticking oily time bombs littering ocean floors around the world.
It's only a matter of time before one of them goes off.