Though there are arguments about the future of offshore oil drilling, one thing is certain: this is a terrible disaster. For those who say, "This is not as bad as the Exxon Valdez spill
," these types of comparisons may not even be necessary. How about we just choose to acknowledge that they're both terrible and find ways so this never happens again. For a region still reeling from the effects of Katrina, the Gulf oil spill is particularly troubling.
So what's this all mean for the the economics of the region and the future of offshore oil drilling? Some of this is to be determined (especially the future of offshore oil
) but the economics of this spill are pretty startling.
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