Right On, Vondo! Having grown up from the 60's onward, seeing the trends in domestic consumption vs. domestic production, I'm glad we're increasing domestic production, personally.
Anyone who watched "Oil, Rigs, and Sweat" should have a pretty decent picture of what the 2004 & 2005 hurricane season did to Gulf of Mexico crude oil & natural gas production, and the subsequent effects. The articles on the undersea mudslide Ivan caused that snapped and scattered so many gathering lines from offshore production to onshore gathering and refining should give you a pretty good idea on how well modern blowout preventers and other anti-spill technology works though - how many saw oil pollution from those events?
Rigs can blow out, whether onshore or offshore. I think some guy mucking about in Kuwait a few years back demonstrated the onshore effects pretty graphically.
I was a driving age teenager when Ixtoc 1 blew out, and oil from it got into the Laguna Madre. The previous 2 summers, my buddy and I could take big coolers with us, walk out until you felt like the mud had turned to a cobblestone street, and have both coolers full to the brim with scallops in a couple of hours.
The summer after Ixtoc 1, we spent all day and found 5 scallops, which we left in hopes of repopulating. What I remember at the time is the booms weren't put in place further south in time to catch the stuff before it got into the marine nursery area, although there was plenty of time to do so, and the spill went on for a long, long time. I don't think
anyone would tolerate a spill of such duration today.
http://www.cedre.fr/uk/spill/ixtoc/ixtoc.htm
http://www.photolib.noaa.gov/historic/c&gs/theb2822.htm
In my college Thermodynamics II class, one exam had an extra credit question regarding the U of Utah claim. As I recall, the calculated energy release would have leveled more than just the lab (by far!) if it was accurate. I'm glad to see a knowledgeable update.
My Thermodynamics 1 professor lamented the loss of the Fast Breeder Reactor program in the USA.
Te Iran-Iraq war pushed oil prices to new lows in the later part of the 1980's - I remember Regular Leaded gasoline as low as $0.489/gallon in 1986/1987 - which had been above $1.30/gallon in 1983. Now we're seeing similar economics to 1983 when taxes (especially) and inflation are accounted for - so either the supply will increase (in particular now, supply from more politically stable areas - Canadian synthetic crude oil and domestic prodcution) or the economics will (literally) fuel alternatives, like they have done for Canadiian syncrude. Some folks are talking about trying refining oil shale in Colorado again - I'm interested in that as I had a project to disassemble parts of a shuttered plant there years ago and re-erect in Texas for conventional oil refining use (and it's still running today instead of rusting away). Time will tell, I'm interested at being along for the ride.