Should we engage in oil extraction? This is a hot debate topic, stirring opinions globally. While siphoning oil boosts a nation’s economy with valuable resources, it comes at the cost of further aggravating air pollution, posing the dilemma: Is the short-term gain through the extraction of natural resources worth the long-term damage and social consequences?
The process of oil extraction unleashes harmful pollutants into the air and discharges dangerous chemical substances into the water that affect marine life. Conversely, oil extraction fuels economic growth by creating job opportunities and resources and reducing energy costs. To combat this dilemma, the United States of America and China both oppose the motion for oil extraction, despite its economic potential.
While the US and China’s abstinence from the extraction of natural resources may have stemmed from environmental concerns, it also reflects global awareness of the need to prioritize sustainability for long-term gains. The economy is vital to sustain and improve our lifestyles, but no amount of wealth can purchase a resource that no longer exists due to environmental damage.
The New York Times holds the view that the economy and environment merit equal consideration in the long run. Therefore, a possible solution lies in implementing sustainable practices that balances economic growth with environmental protection, such as regulations on oil extraction activities, to ensure the economy and environmental well-being of future generations.