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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?


To: Frank A. Coluccio who wrote (33489)5/4/2010 1:45:57 PM
From: axial1 Recommendation  Read Replies (1) | Respond to of 46821
 
"The effects of mishaps are not proportionate once past a certain threshold, they tend to be absolute. In the end, a five nines approach merely allows that one part in so many million will eventually result in an unspeakable disaster, signaling that it's time to start over and take a different approach."

Absolutely. No matter how diligent the effort, no matter how many regulations are imposed, eventually something will go wrong.

en.wikipedia.org

Of course, that applies equally to fracturing for natural gas --- which is what was meant by this statement:

"Everyone will do their best, and we'll move ahead. Inevitably there will be areas that suffer unfortunate and lasting consequences."

Message 26417343

We've now reached a point where we're pushing the envelope to capture the last dregs of fossil fuel. Mishaps are inevitable, and their costs are huge. It is suggested that when such costs are considered, the benefit of subsidizing alternative energy becomes clearer. Nevertheless, our fate will be to pass through a transitional period, where we have the worst of both worlds.

Jim