Offshore oil profits or Enviro Catastrophe

Reply Fri 11 Jun, 2010 01:20 pm
Many residents of the Gulf Coast want the moratorium on offshore drilling lifted so they can keep those jobs. They want this even with a living demonstration of the environmental risk still swirling around them.

Obviously there is a threshold at which taking any risk is acceptable. People do it all the time. But where does the balance on this one lie?

The oil spill in the gulf hasn't even been stopped yet. The severity of the damage to the gulf has yet to unfold. Oil and chemical poisons could easily slip into the Atlantic and impact the entire eastern seaboard.

How much risk is too much risk?
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Reply Fri 11 Jun, 2010 01:50 pm
Don't know the answer, but keep in mind that the risks and profits seldom accrue to the same parties. BP was in line for enormous profit and relatively little risk. The Gulf Coast ecology had great risk and zero chance for profit.
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Reply Fri 11 Jun, 2010 03:52 pm
BP isent in any trouble. They may be fined 4 or 5 billion dollars which is nothing for a 300 billion a year company. As for repairing the ecology they are only responsible for 75 million in damages thanks to congress. Get out your wallet people. well get to bail out a multibillion dollar company again thanks to the republican congress and president who changed the rules.
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