7/14/2010

The Gulf Oil Spill: Governing by emotion. Better watch your pocketbook

The danger of the gulf oil spill is not lack of supply at the local gas station. It does not appear to be an environmental disaster. What we should be most afraid of is decades of experience in energy mining being skewed by one event, taken out of perspective. If we raise the cost of getting oil dramatically while only attempting to fix one "outlier" scenario, we risk two things: Paying more AND continuing to have oil spills.

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