Tag Archives: McMoRan

Low Incidence, High Consequence

To date, NASA has launched 132 space shuttle missions. Two – Challenger in 1986 and Columbia in 2003 – were catastrophic failures, killing all the astronauts onboard each shuttle. Low incidence, high consequence; it doesn’t happen very often, but when it does, it’s bad. So it is with deepwater and/or high pressure oil drilling. Most [...]