The presidential commission on the BP oil spill seems to be fulfilling the task of all such blue-ribbon commissions: ask the wrong questions, draw the wrong conclusions. The commission’s general counsel, Fred Bartlit, burst across the media Monday with his claim that he could find no cost cutting leading to the April 20 blowout and […]
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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 […]