Tuesday, June 22, 2010

A LIttle Oil Perspective...

While the BP Oil spill maybe bad for some locally in the Gulf, there is an article here that puts things in a little bit more perspective. I think we will survive this...

From the article:
This is the same amount of oil that was dumped into the Atlantic during WWII, when 452 tankers were sunk by German U-boats, mostly along the US east coast, and when tar on the beach was a daily occurrence. This is on top of the 1.5 million barrels a year that leak into the Gulf through natural seepage, which no one ever notices. One way or the other, this will end, and Western civilization will survive. And by the way, the crude price rise brought by the spill also marked up the value of BP's reserves, easily allowing it to cover the cost of the clean up, no matter how big it is.

Read more here

Saturday, June 19, 2010