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Steve McIntosh Report Blog Archive



Optimism about the gulf oil spill

Government-appointed compensation chief Ken Feinberg is optimistic about the long-term impact of the Gulf Coast oil disaster. Feinberg recently told the U-S-A Today Editorial Board the long-term impact could be relatively minor, and the Gulf is likely to fully recover from the April oil spill.
Feinberg is basing his observations on opinions the government has solicited from experts. He acknowledges that some scientists will disagree with the optimistic assessment.
Feinberg expressed confidence that the 20 billion-dollar fund created by oil giant B-P should be more than enough to cover claims. And he says the government-run claims program will be more generous than any court.
I hope Feinberg’s predictions prove to be accurate. I remember the shock and dismay so many of us felt when the oil rig exploded and 11 men were killed … followed by the daily video stream of the ugly leak and the oil washing up on the shore.
I’d like to see this story with a more positive ending than we dreaded earlier this year.
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Our thought for today is from E. B. White:
 
“I would feel more optimistic about a bright future for man if he spent less time proving that he can outwit Nature and more time tasting her sweetness and respecting her seniority.”


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Topics : Disaster_Accident
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Locations : Gulf Coast
People : Ken Feinberg




 
12/24/2010 4:29AM
Optimism about the gulf oil spill
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