Weighing the Benefits & Costs of Offshore Drilling - Ron Bailey - Reason Magazine

Offshore drilling remains a risk well worth taking, even in the wake of the oil spill disaster.

Time for some oil spill perspective | Washington Examiner

From an environmental perspective, off-shore oil drilling is far safer than Mother Nature. As the Wall Street Journal noted yesterday, oil that seeps naturally from the ocean floor puts 47 million gallons of crude into U.S. waters annually. Thus far, Deepwater Horizon has leaked about three million gallons. That sounds like a lot of oil, and it is. But the Exxon Valdez leaked 11 million gallons into Alaska's Prudhoe Bay. Even those figures are dwarfed, according to the Economist, by the amount of oil spilled in man-made disasters elsewhere around the world. Saddam Hussein's destruction of Kuwaiti oil facilities during the Gulf War dumped more than 500 million barrels of crude into the Arabian Gulf. The 1979 blowout of Mexico's Ixtoc 1 well resulted in 3.3 million barrels being dumped into the Gulf of Mexico. In short, Deepwater Horizon is an environmental crisis, but not the apocalypse that alarmists claim.

Team of Scientists Counter U.S. Gov't Report: 'Global warming alarm will prove false' -- Climate fears 'based on faulty forecasting procedures' | Climate Depot

'The forecasting procedures described in the IPCC 4th Assessment Report violated 81% of the 89 principles relevant to climate forecasting'

[Nice timing, guys: Just as the climate hoax collapses, Target decides to endorse it]

May 5--Target Corp. is throwing its weight behind stronger U.S. climate-change policies.

The Minneapolis-based discount retailer is joining a group of corporations that favor a cap-and-trade system for greenhouse-gas emissions, restrictions on new coal-fired plants -- and oppose the U.S. Chamber of Commerce's efforts to block an energy-and-climate bill in Congress.

The group is called Business for Innovative Climate and Energy Policy, or BICEP, founded in late 2008 by Nike, Starbucks, Levi Strauss, Sun Microsystems and Timberland. Richfield-based Best Buy recently joined the coalition, too.