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Friday, April 30, 2010

"Drill, baby, drill"

Just as media commenters are making the point that the charges against Goldman Sachs and their spirited almost vituperative response is making financial regulatory reform happen, I wonder if people understand that our "addiction to oil" has significant and serious consequences also.

The recent Obama Administration decision to allow offshore drilling of oil in more places could be countered by the oil platform failure in the Gulf of Mexico and the massive oil slick that has resulted, which threatens the ecosystem of the states along the Gulf.
oil slick resulting from the explosion of the Transocean Deepwater Horizon oil rig
A satellite image taken on April 26, 2010, shows clean up vessels near the oil slick resulting from the explosion of the Transocean Deepwater Horizon oil rig, in the Gulf of Mexico. The massive oil slick from a blown-out well is expected to reach a Louisiana wildlife reserve on April 29, 2010 as it threatens an environmental disaster across four southern U.S. states. REUTERS/DigitalGlobe/Handout

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