If we’ve already had an Exxon Valdez…

…did we really need a Deepwater Horizon?

8 Responses to If we’ve already had an Exxon Valdez…

  1. I haven’t heard any jackass chants of “drill baby drill” for days, now.

  2. This morning I heard somebody on the radio say that today in some parts of Prince Edward Sound, if you dig a six-inch hole in the sand, you can watch it fill up with oil …

  3. I just listened to a clip of Rush Limbaugh say that maybe environmental wackos blew it up for Earth Day, to stir up the crowd.

    I mean, I know he has no shame. Still makes me feel a little like I need to wash.

  4. I am not a stock market analyst–let me say that right up front. But if I had money to play with, right now I’d put it into Schlumberger (SLB), my first employer out of college. That’s the socialist French oil well services company that pays generous profit sharing to its employees. They’ve diversified considerably since then, but it’s still a big part of their business. Their stock is selling steady at around $72.

    Halliburton (HAL; appropriate, isn’t it?) is selling at around $30 and dropping. They’re the company that was cementing the space between the sides of the drill hole and the pipe that gets dropped down into it, when the BP well blew up. It’s not the first time this has happened on a well that HAL was servicing. I’ve been trying to find more information about their safety record, but my guess is that the stock analysts have already done that heavy lifting.

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