Oil Spill – June 12 – anxiety about effects of spilled oil

BP told to step up containment, WSJ, June 12.

The U.S. has given BP PLC two days to devise a more aggressive plan for containing oil leaking from its damaged deepwater well into the Gulf of Mexico, as tension surrounding the spill grows.

It appears that the Administration and the On Scene Coordinator are applying some pressure to BP to do more and do it faster to deal with effects of the oil spill.

Oil Spill – risk considerations June 11

Additional concerns about the environmental and ecological outcomes.  See Spill May Harbor Unique Hazards , Wall St. Journal, June 11.

“This is a three-dimensional spill,” said Columbia University oceanographer…”The physics, the chemistry and the biology action are very different when you have oil released from below.”

In the NYTimes today: BP’s Mess, and Wall Street’s

The Gulf of Mexico spill, like the financial implosion, was largely the product of people taking risks and knowing they wouldn’t be held accountable if things went wrong.