Eleven workers had yet to be found a day after an oil rig exploded and caught fire off the coast of Louisiana. Firefighters were still struggling to control the fire on the rig, which is operated by Deepwater Horizon and leased to BP. Though such disasters are rare, the search for increasingly scarce fuel resources may pose new risks, according to an article in the Christian Science Monitor.
Robert Bryce, an energy expert at the Manhattan Institute, told the Monitor: “Deep water drilling is already a high-stakes casino and as geologic risk, capital risk, market risk and engineering risk all come together, they are becoming extraordinarily difficult to quantify.”


