Energy Bulletin:
Deepwater Horizon: the worst-case scenario
Richard Heinberg, Post Carbon Institute
Already Deepwater Horizon is the not only the worst oil spill, but the worst environmental disaster in U.S. history. Multiplying the scale of this existing catastrophe multiple times sends us into truly uncharted territory. ... The consequences for the oil industry as a whole would also be dire. More regulations, soaring insurance rates, and drilling moratoria would lead to oil price spikes and shortages.
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