You have to love this guy. Rudyard Griffiths
interviews Felix Salmon on the BP mess. When faced with a total catastrophe where BP is unquestionably to blame, Griffiths bravely stands up for the oppressed oil industry:
Felix Salmon: ...it doesn't make sense to blame the government for the oil spill unless you're blaming government for not regulating enough.
Rudyard Griffiths: But, Felix c'mon. I mean, let's be a little bit fairer to what has been a fairly good record of corporate stewardship up to this point in the Gulf. I mean we're talking 32,000 wells operating in that area. Yes, a tragic, a horrific accident that we're dealing with now, but y'know is there a sense of overreach here where the media, y'know just feeds on those images of the oil pumping out into the sea and suddenly, y'know the heavy hand of government y'know clasps around the throat of a not unimportant part of an American industry that's crucial to their energy security?
Felix Salmon: I don't know what throat you're talking about here. The fact is...the question is how many layers of safeguards do you have on these wells? How certain can you be that they will not fail?
Rudyard Griffiths: Well, 1 out of 32,000 ain't too bad
Felix Salmon: Well, it looks quite bad to me. The fact is that 1 out of 32,000 is one too many, and if there is a 1 out of 32,000 chance of this happening - then you shouldn't have 32,000 wells.
Rudyard Griffiths: Airlines crash, unfortunately airliners crash every month somewhere in the world - hundreds of people die horribly. But we don't ban the airline industry. Y'know, in other words accidents unfortunately happen.
Felix Salmon: I don't think we're banning undersea drilling either.
1 out of 32,000 is clearly one too many, as Mr. Salmon points out. This is the worst oil spill in US history - don't try to act like it is offset by the fact that another well hasn't had a similar catastrophe.
Not only that - but, it's a weak argument to point out all the wells that haven't blown up and sunk when all of these wells are not equal. Wells that operate a mile below the surface clearly pose a greater risk than those who are merely a few dozen yards underwater. The success of simpler procedures isn't a guarantee that more complicated procedures will be safe. Neither do those successful wells offer much in the way of options when a well in deep water blows up.
Take the airline analogy into this logic: Say an airline decides to save money by packing its aircraft to the gills with people and carrying the bare minimum of fuel to arrive at their destination. This ups the consequences of a disaster (more lives per plane) and increases the likelihood of a disaster (less fuel = less options like diverting in case of trouble).
Eventually this policy will result in a catastrophe. In Griffiths' world, we'd ban the airlines - but in the real world, we'd add regulation that set a maximum number of passengers and required planes to carry additional fuel.
Mr. Griffiths? Nice try - but you sound like a total idiot.