Sunday, November 1, 2009

Someone has to pay for keeping oil cheap

Why are we in the fix we are in? Why is the auto everywhere in our face? Why do we have sprawl? Why is the the climate disrupted and the biosphere in danger? Because oil has a low price. That is right the price is low. But the cost of oil is high, very high. What is the difference? The difference is that "someone else" will pay for the cleanup when oil makes a mess, "someone else" will pay for the traffic congestion, "someone else" will pay for the dust storm damage.

Sydney - A Thai oil exploration company said Sunday its leaking Timor Sea oil well had caught fire. The West Atlas drilling platform operated by PTTEP Australasia in the Montara field 690 kilometres west of Darwin has been leaking around 400 barrels of oil and gas a day since August 21.EarthTimes

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