The ONLY Good Thing about the BP Spill

Posted by Energy & Capital

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“Much has been speculated and discussed about the possibility of a permanent moratorium on offshore oil drilling in U.S. coastal waters in the wake of the Deepwater Horizon leak, what’s shaping up to be perhaps the worst oil disaster in world history…
Some call it the beginning of an American “green oil” or “dry oil” movement.
But rhetoric and policy debates and judge’s rulings aside, whether that happens or not is completely irrelevant to the possibility of future catastrophic oil spills in the Gulf.
That’s because the U.S. isn’t the only nation that can drill for oil there.

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