Real Estate News for North Pinellas County

What would offshore oil drilling mean to Pinellas County beaches?

offshoreoilSmallThere’s supposed to be crude oil reserves out in the Gulf of Mexico, not too many miles west of the Pinellas County beaches. Most of us agree that a higher degree of energy independence would be a good thing.  So, drill baby drill. Right?

People are pretty split on this issue. Those in favor of drilling say we need the oil, and we need to depend less on foriegn sources. Those against say the Gulf reserves would only produce oil for a decade or so, and an oil spill in the Gulf would foul the beaches and be devastating to Florida’s major industry, tourism. 

Polling seems to indicate that Floridians are fairly split on the issue, with the edge going to the pro-drillers.

Yesterday (that would be Feb. 14, 2010), hundreds of people turned out on the Pinellas County beaches to protest the possibility of oil drilling along the coast. Hundreds more turned out at beaches around Florida. Most of them wore black, to represent the color of crude oil.

St. Pete Beach near the Don Cesar

St. Pete Beach near the Don Cesar

Anti-drillers say we need to invest in alternative sources of energy — solar, wind, even nuclear. Pro-drillers say we still need to drill in places like the Gulf to get the energy we need while those alternative sources are developed.

How do you think Pinellas County would be changed by drilling in the Gulf?

Oil drilling would create some high-pay jobs (although not a whole lot of them), and the oil that gets produced (some of it, anyway) could be refined into jet fuel which could power the planes that bring tourists to the county.

On the other hand, one good spill could foul Pinellas beaches for years to come, driving away tourists and ruining the natural habitat for many sea creatures and plants.

And what would all this mean to real estate values? (This is a real estate blog, after all).

Not a simple issue.

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