The prices are already too high, hence why a lot of people I know have been doing their work over the internet. Right now in my area, it's $4.30 a gallon. But in all seriousness, if we can at least keep our spills and leaks under control, there should be no harm drilling near the continental plate.
I agree that we need domestic drilling, as we'll reduce our dependence on oil from unstable nations. Additionally IF prices are lowered, we'll have a longer amount of time to develop efficient alternative sources