Tag Archives: Deepwater Horizon

According to the law of comparative advantage in economics, each country has production advantages in comparison to other states. Venezuela too, has its strengths. It produces more Major League baseball players per capita than most other countries. Along with Puerto Rico, it has won the most Miss Universe crowns over the past two decades. Venezuela […]

Accidents happen, but the BP mess in the Gulf was an accident waiting to happen, which is not the same thing — faulty blowout preventer, faulty shears, faulty cement job, lack of blowout plan, possible lack of required permits, definite lack of oversight by the US Mineral Management Service. At the same time, quite below […]