World's Oil Thirst Leads to Risks

By: Associated Press
By: Associated Press

Miami, FL (AP) - The world's thirst for crude is leading oil
exploration companies into ever deeper waters and ventures fraught
with environmental and political peril.

The days when the industry could merely drill on land and wait
for the oil -- and the profits -- to flow are coming to an end.
Because of that, companies feel compelled to sink wells at the
bottom of deep oceans, inject chemicals into the ground to force
oil to the surface, deal with unsavory regimes, or operate in some
of the world's most environmentally sensitive spots.

From the Arctic to Cuba to the coast of Nigeria, avoiding
catastrophes like BP's Gulf of Mexico spill is likely to become
increasingly difficult and require cooperation among countries that
aren't used to working together.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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