Being neither a geologist, nor an engineer, the thoughts that follow are just that, thoughts.
Is is possible that one accident will destroy the Gulf of Mexico as a living, life supporting, essential natural habitat? It does seem within the realm of possibility.
What seems completely insane is that there seems to be no fail safe way to stop this "leak".
It it awe inspiring that the earth is so complex, and so alive that if you dig a hole in the sea bed of the Gulf Of Mexico, you can unleash hundreds of thousands, and probably millions of gallons of oil from beneath the sea floor. The fact that the pressure of the oil is so great as to be able to overcome the massive pressure of 5000 feet of water boggles the mind. The earth is under tremendous natural pressure.
The giant industrial enterprises are marvels. Electricity, gasoline, heating oil, do not come from nowhere. But there is something frightening about learning, in the harshest light, the danger of enterprises on this scale. One oil rig, one explosion, and an environmental catastrophe on a scale that is unprecedented. What is next?
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Strengthening NYCHA
4 days ago
The earth is a little like the stock market - but being neither an economist, nor a financial machine head, the thoughts that follow are just that, thoughts.
ReplyDeleteIf you mess up the financial system (by, for example, selling trillions of dollars of highly leveraged derivatives pegged to bogus mortgages), you can erode trillions of dollars of capital almost over night resulting in a financial meltdown on a scale that is almost unprecedented. (At one point today, the market fell by almost 600 points in a matter of minutes).
Is is possible that one financial miscalculation (like repealing Glass-Steagall)can destroy the entire financial system? It does seem within the realm of possibility.
What seems completely insane is that there seems to be no fail safe way to stop this "recession".