Monday, July 19, 2010

Rethinking the Measure of Growth


Almost overlooked amid BP’s debacle in the Gulf of Mexico was an oil spill in the Singapore Strait, where in late May two tankers collided and disgorged the equivalent of 18,000 barrels of oil into one of the world’s busiest shipping lanes.

The Singapore incident was small compared with the 87-day catastrophe bubbling away in the gulf, and the Singapore authorities, responding with characteristic efficiency, mopped up the mess with booms and chemical dispersants in just six days.

See full Article.