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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (250993)5/31/2010 12:40:58 PM
From: bentwayRead Replies (2) | Respond to of 306849
 
"Our Limited Knowledge of Deep Sea The New York Times' William Broad writes, "Strange as it sounds, we know more about distant planets than we do about the deep sea. ... Inky darkness, icy temperatures and, most of all, crushing pressures conspire to make deep exploration daunting if not impossible. That is why scientists estimate that humans have glimpsed perhaps only a millionth of what there is down there to see. That also helps explain why a runaway oil well on the seabed in the Gulf of Mexico is a massive calamity, with crews struggling to stop the gushing crude. It is the brutal nature of the abyss.""

This is the crux of this biscuit. We've allowed oil companies to drill 600 wells as deep as this one in the GOM, and probably thousands worldwide. I'm sure everyone had the sensible assumption that if they can drill them in the first place, they can FIX them if something goes wrong. WRONG!