Thursday, July 29, 2010

Perhaps the Oil Spill's Impact Has Been Exaggerated

SEE HERE and HERE and HERE The spin (remember the idea of despinning all the stories) seems to be to demonize big oil with a drumbeat of "the need for new regulation" and all the rest. I have to say that I think in the face of this drumbeat of demonization that BP has done a good job and that the whole environmental crisis we've heard so much about may not be much more than a ripple. It certainly has not been handled by all the late and inadequate technology brought to bear. It may not have ever been quite as dramatic and damaging as it was made out to be. It appears that the environment is more robust than the "fragile environment" folks would have you believe. So perhaps it is time to declare this particular crisis over so we can batten down the hatches for the next great crisis in a world dominated by those who govern by crisis.

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