The benefit of drilling is either > or < ((the cost of another disaster)*(the probability that this drilling at issue will cause another disaster))
Unless you have an idea of how much of a difference this moratorium would make, you can't actually conduct a cost-benefit analysis.
People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.
clearly need an education in libertarianism.
Yes, I am a fascist treehugger.
[The benefit of drilling (23K jobs)] < [((Cost of another disaster, i.e. (millions of lost jobs + billions of lost tourism)) * the likelihood of the disaster) + the cost to tourism from negative public perception if the moratorium is prematurely lifted]
It's pretty simple, really. Look, it's sad that 23k people will lose their jobs in the oil industry, but that pales in comparison to the damage that oil spill could have on the tourism industry if there is another spill, and moreover if the public perception is that nothing is being done about it. The Gulf Coast has an image to rehabilitate here (not to mention an ecosystem).
Last edited by Guy Incognito; 08-24-10 at 05:10 PM.
majority of Floridians who share my view, we thank you for your kind support.