tag:blogger.com,1999:blog-6824345661289105799.post7573343794295181602..comments2023-11-03T08:36:09.683-05:00Comments on Brooks Wilson's Economics Blog: Oil Spill Risk AnalysisBrooks M. Wilsonhttp://www.blogger.com/profile/17097849558228531431noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6824345661289105799.post-50631627254822626362010-07-06T21:42:58.792-05:002010-07-06T21:42:58.792-05:00As I am from Beaumont and grew up on the beaches o...As I am from Beaumont and grew up on the beaches of Galveston my view of this oil spill is a little biased. I feel as if the oil spills emergency plans were poorly planned before this disaster. As the person above said I do hope BP learns from their mistakes and if something goes wrong again they will be better prepared.William Alfordhttps://www.blogger.com/profile/08313419815881055860noreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-27186046216834844932010-07-05T08:57:06.196-05:002010-07-05T08:57:06.196-05:00In a competitive market, such as the oil industry,...In a competitive market, such as the oil industry, there are many buyers and sellers. These numerous sellers, with the assistance of the Mineral Management Service, should have been able to develop a realistic emergency plan for possible oil spills. However, when those plans are based on incorrect assumptions and outdated models, the result can be catastrophic, as we have seen. Fortunately, we usually learn from our mistakes. Not that oil spills won’t happen again but that we will know how to better handle the situation if and when it does occur. Perhaps some of the gasoline tax revenue could be used to fund up to date assessments of this spill to assist us in preparing for any future ones.Tweetyhttps://www.blogger.com/profile/10017621411583775339noreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-16836285788949816172010-07-04T03:34:29.482-05:002010-07-04T03:34:29.482-05:00Developing plans for what may happen is never an e...Developing plans for what may happen is never an easy task, especially without many former experiences from which to draw ideas. This makes me think of the number of hurricanes that cross into the gulf waters, and how we have some very good tracking information from many years of hurricanes. Yet, every new hurricane, has its own path. Similar to validity of ideas on what to do with the economy-- each recession has its own variables.B Bordenhttps://www.blogger.com/profile/09173408506626553997noreply@blogger.com