Energy

Cleaning Up on the Oil Spill

We keep hearing about the economic devastation that the oil spill will cause—and for Gulf fishermen and BP shareholders, that’s certainly true. But there are some companies specializing in oil spill cleanup that will be making a mint off the biggest environmental disaster in U.S. history. In this week’s TIME paper edition—oh, and …

Is a Deepwater Drilling Moratorium Smart?

Government lawyers will be in a federal appeals court in New Orleans today, fighting to reinstate a six-month moratorium on deepwater drilling. The temporary ban—put in place by President Obama after the BP spill to give a presidential commission time to reevaluate the safety of deepwater drilling—was overturned last month by a …

The Oil Spill and the Perils of Losing Trust

Last week the Coast Guard sent out an announcement to the media: from now on there would be a 20-meter safety zone established around all protective shoreline boom, booming operations and general oil spill response operations taking place in southeast Louisiana. Any ship that comes with 20-meters of the boom could be liable for up to …

Why Paying Damage Claims for the Gulf Oil Spill Won’t Be Easy

It might take King Solomon to properly decide the hundreds of thousands of damage claims on the oil spill that will likely be filed before the crude is finally cleaned up. We don’t have King Solomon, but we might have the next best thing: Kenneth Feinberg, the Washington lawyer who ran the compensation fund for victims of 9/11. Feinberg …

Optimism and the Oil Spill

I’m not by nature an optimistic person. If there’s a dark side of the moon, or anything else, I’ll usually find it, and my glasses only come half empty. Getting excited—not something you’ll witness me doing very often. Maybe it’s growing up a Philadelphia sports fan (the Eagles alone being enough to pummel the optimism out of any …

A Quick Fix for Climate Change Falls Flat

It’s always about this time of year—when the first air-sucking, clothes-wilting, soul-smothering heat wave hits a big swath of the country—that people who rarely think about climate change start to worry. Never mind that a single sweltering summer can never be traced directly to global warming. Hot weather causes even some of the …

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