Comment of the day
Commenter Joseph at Econbrowser:
What is disturbing is that we shouldn't have to guess the leak rate [for BP's Deepwater Horizon blowout]. There are lots of instruments that could make the measurements easily but BP has simply chosen not to. BP has also restricted access to videos that could at least provide better estimates. Without good data, scientists can't make good models either for this incident or to evaluate risks for possible future incidents. Whether we like it or not we have the occasion of a unique environmental experiment and we should be taking advantage of it. It is shameful that the Obama administration has totally deferred to BP in the management of information. They should be demanding more transparency and timeliness in release of data and information to scientists.
Those BP execs! They sure are "savvy businessmen"!