From USA Today: Another Gulf rig has been leaking oil for 5 weeks
This is obviously disturbing news. I'm going to go off-script a bit and ask for your opinion (related to the econ perspective of course) ... Do you think that people's values will change as a result of all of this? Do you think that people will change the way they view driving their cars and heating their homes? Do you think people will be more open to policy change (e.g. carbon taxes or cap-and-trade legislation) that will cost them money but promote more sustainable uses of natural resources? Have you changed your behavior, your willingness to pay, your appreciation of the fact that your "need" to purchase so much gasoline is partially to blame for this? Sorry about that last bit, but I have to keep reminding you that you this is just an example of Hardin's tragedy, and we are all the herdsmen. It's too easy to blame BP (though they most certainly are responsible for blatant rule-breaking) and shirk personal responsibility. All of us that drive cars and demand low prices for gasoline (and other petroleum products) share in the blame here.