For the time being, we need oil. Many of our industries at the least require shipping of goods and we have not yet built a sufficient infrastructure for electric or biofuel autos or planes. The only other alternative to off shore drilling, in terms of getting oil, is to drill on land. However, it is, and has been, time to begin to invest more heavily in renewable energy resources. We need research and development on this front, and need to identify some of the world leaders in the field to give more funding to. It will be a great day when the world no longer has interest in finding new oil reserves, and we just let the sun and wind power our economy.
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