A Free-Market Energy Blog


Posts from December 0

Turning Tragedy into Triumph (BP Gulf oil spill)

By Richard W. Fulmer -- May 3, 2010

April saw two devastating disasters in the energy industry: a methane explosion at the Upper Big Branch mine in Montcoal, West Virginia that claimed 29 lives, and another explosion at the Deepwater Horizon drilling rig in the Gulf of Mexico, which took 11 more.  The latter incident, because of the tens of thousands of gallons of oil now pouring from the ocean floor each day, will impact the Gulf region for years if not for decades to come. 

These tragedies are a terrible reminder of the trial-and-error nature of life.  Humans have accomplished many wonders over the millennia – wonders that ended the vicious cycle of crushing poverty that has been mankind’s lot throughout most of history.

But these accomplishments have often come at a very high price.  Because it is in our nature to strive to better our condition and that of our children, life will never be without risk. …