Sunday, May 16, 2010

has capitalism finally doomed us?

I'm trusting it hasn't, because what's the alternative? But don't google worst case scenarios for the Gulf of Mexico if you're afraid to contemplate hard times ahead. Some of the answers are just plain crazy, but some facts are agreed on: That well is under a lot of pressure, and it was not designed to handle oil mixed with sand.

Some reading from conservative sources:

Green Inc. column - Gap in Rules on Oil Spills From Wells -
One technology that could have been useful in the Deepwater case is an acoustic valve to shut off the well by remote control in an emergency. Such devices are required by Brazil and Norway, but not by the United States, where the oil industry successfully resisted a proposal years ago to require its use, according to Oystein Noreng, who heads the petroleum studies unit at the Norwegian School of Management.

“In Norway, for more than 40 years, we have had a fairly harmonious coexistence between a large offshore oil industry and some of the world’s largest fishing industries,” Mr. Noreng said in an e-mail message. “Nobody can say that a disaster like the one in the U.S. Gulf of Mexico could not happen in Norway, but we have invested in the additional line of defense, thanks to political wisdom.”
Less Toxic Dispersants Lose Out in BP Oil Spill Cleanup -
BP PLC continues to stockpile and deploy oil-dispersing chemicals manufactured by a company with which it shares close ties, even though other U.S. EPA-approved alternatives have been shown to be far less toxic and, in some cases, nearly twice as effective.