The BP spill in the Gulf of Mexico has sent shockwaves throughout the oil industry, exemplifying just the kind of disaster which may await as companies forge farther, and deeper, in search of new fossil fuel supplies. Just across the Gulf is Mexican state-owned Pemex, which is also making its first moves into deep off-shore oil drilling. It has made security a top concern, but with shallower fields running dry, has no choice but to head into untested waters.
The oil spill is clearly going to have a massively negative impact on the environment and the economy. It’s embarrassing when you read up that people and the government are trying to cover some of it up.
Interesting, I found this article which looks to compare the oil spill damage to that of the music industry. Have a look – http://www.themusicvoid.com/2010/06/oil-and-music/
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