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Friday, May 28, 2010
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May
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- Europe again
- Increased and cautious optimism that the US is hea...
- Shorting Reform
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- A Reason for Decreasing National Debt
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May
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This is sad, it has devastated the local areas and ecosystem. The way of life of fisherman and those that depend on the local environment to live off of are suffering and have lost their way of life. This is a negative externality we talk about. Even though it rarely happens when something like this does, it completely ruins the area but for BP it is ultimately worth making all of that money carrying oil on the ships with little protection from spills. As it may hurt the reputation somewhat right now, in the future people will forget about it and BP will continue making profit and shipping oil in the least possible safe way.
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