Thursday, September 2, 2010

“Drill (BOOM!) Baby (BAM!) Drill”

Today’s oil rig explosion will prompt even the more optimistic oil explorers to pause and reassess the safety of the technology of offshore oil drilling. Two rigs destroyed by explosions caused by separate acts of nature five months apart certainly makes it seem like the oil drilling process is not sufficiently controllable using current technology. If drilling for oil in the sea is like riding a dragon, because the technology really isn’t up to the task, then it makes good sense to leave the oil where it is until the right technology is available.