Don’t forget the 6th point: new jobs.
Offshore drilling jobs are high-paying blue-collar jobs, and new drilling will create tens of thousands of them overnight, no matter what said drilling does to the price of gasoline.
Not to mention all the jobs created by the companies that supply the industry.
Texas leads the nation in the number of jobs it creates. A lot of this is due to the fact we DRILL here in Texas. People and the state benefit immensely.
Note: I live in Houston and our house prices haven’t stopped going up over the years.
Love it here.