Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: maceng2 who wrote (73445)	5/11/2010 1:53:09 AM
From: Maurice Winn	1 Recommendation Read Replies (3) of 74559

Indeed - it's almost certain that people involved with running the rig were incompetent. <One accident can happen, two or more accidents and you start to wonder. > What does it make you wonder? Whether it was a plot by the same conspirators who destroyed the Twin Towers with strategically planted dynamite and the air liners crashing into them was incidental? Most disasters result from a combination of carelessness, blunders, stupidity and ignorance. Watch The Simpsons for a few episodes and you'll get a good idea of how things go wrong. As the days go by, the scale of the disaster doesn't seem to be too bad. The media are focusing on a few balls of tarry stuff which have washed ashore, which don't look as though they are related to the spill which looks quite oily. Yes, it's expensive, the loss of the platform and people was disastrous, the loss of the oil production is expensive too, along with the lost consumer surplus, taxes on the oil and what have you. But the environmental effects look minor and likely to stay that way. Mqurice

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