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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (73932)8/17/2010 3:20:08 AM
From: elmatador   of 74559
 
Visit the Gulf of Mexico today and you'd hardly recognize it as the scene of what President Barack Obama called "the worst environmental disaster America has ever faced."

It's as if scientists had conducted an insane experiment—dumping some 4.9 million barrels of oil into the ocean water—and discovered that its effect was in some ways negligible. Some 21 years after the Exxon Valdez disaster, you can still find globs of oil in Alaska's Prince William Sound.

Yet the Gulf appears to be scrubbing itself: Sunshine is evaporating—and bacteria are rapidly digesting—the spilled oil. Less crude has infiltrated vulnerable wetlands than was widely feared. Documented fish and bird kills have been small, and most Gulf beaches remain pristine.

businessweek.com
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