The BP Oil Spill’s Lessons for Regulation
As the damaged BP oil well continues to spew millions of gallons of crude from the depths of the floor of the Gulf of Mexico, the immediate challenge is how to mitigate an ever-magnifying environmental catastrophe. But the disaster poses a much deeper challenge to how modern societies deal with regulating complex technologies.
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CAMBRIDGE – As the damaged BP oil well continues to spew millions of gallons of crude from the depths of the floor of the Gulf of Mexico, the immediate challenge is how to mitigate an ever-magnifying environmental catastrophe. One can only hope that the spill will be contained soon, and that the ever-darkening worst-case scenarios will not materialize.