Environment

Ten Things About the Oil Spill…

...that will make you lose your shpadoinkle. Courtesy of Alternet.

For example:

This experience undoubtedly influenced Transocean's decision to insure the Deepwater Horizon rig for about twice what it was worth. In a conference call to analysts earlier this month, Transocean reported making a $270 million profit from insurance payouts after the disaster. It's not hard to bet on failure when you know it's somewhat assured.

Free market! Huzzah!

Via