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Disaster Resets Economic Gameboard
By: Alan Nelson Posted: Sunday, July 18, 2010 10:48 pm


Anchor-handling tugboats battle the blazing remnants of the off shore oil rig Deepwater Horizon.
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The well reportedly is capped. We will see.
If it is capped, we have 85 days of oil spilled into the Gulf of Mexico. We're not sure what impact we'll see on Texas, but we know it’s bad. For a comparison, look at the oil spill from the Exxon Valdez from 1989. It’s 10.8 million spill still has an impact. The gusher, estimated by the quasi-official Flow Rate Technical Group to be flowing at 35,000 to 60,000 barrels of crude oil per day, is an amount equal to the 1989 Exxon Valdez oil spill every four to seven days from the explosion on April 20, 2010 to July 15, 2010.
Disaster finishes off some businesses. Disaster injures what before had been healthy companies. But disaster also resets the timing for many industries that stumbled, wounded by the down economy. Opportunities abound. Oil rigs are moving from the Gulf to Egypt and elsewhere as uncertainty reigns on what can and cannot be drilled in the gulf. Wind energy companies and politicians moving in to grab money from Congress. Luminant's Comanche Peak actively is maneuvering loan guarantees set up through Congress as it moves to double capacity. Some truculently bemoan the lack of coordination among industries as they ajust their business plan. Some long for an absolutely free, free market with pangs of mysticism and whine about government handouts.
We saw through the last two years that economic forces released do eventually compel corrections, painful though they are. We saw due to the BP oil spill that technology sometimes can blind us to what we thinks is within our control. Here's to your ox not being gored. |
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The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: Aquarena Springs makes way for restoration of Spring Lake; Two Austin companies raise a combined $15.6 million; For Sale: Major Player in Fight Against Coal Company Bows Out; The Practice Piano That Made Van Cliburn Perfect; H-E-B shelved route as logistics costs rose; Did Amazon deal to settle dispute over taxes mess with Texas law?; Animal chiropractor stakes claim in DFW; Three Texas winemakers open 4.0 Cellars; Carroll Shelby, Car Builder Who Added Muscle to American Racing, Dies at 89; American Airlines Considers Change in Oldest Jet Livery; British rocker Phil Collins touring Texas to talk about Alamo book; All-Terrain Vehicle Company Moves To Sherman; American Airlines to overhaul premium seats; Dallas-based Hilltop to acquire PlainsCapital; The frequent fliers who flew too much; Hawker Beechcraft announces first flight of 400 XPR in Texas; Rumor: New Microsoft Xbox Console Being Manufactured in Texas; Company asks court to reinstate $459 million judgment;Company named for Green Ridge street eyes bid for Avon; Dallas Museum Simmers in a Neighbor’s Glare; Dallas pipeline company set to acquire Sunoco; Northwest Texas Suing Insurance Company for Millions Austin pair planning to offer barbecue, country music to international fans of F1; State’s largest fishery, near Wichita Falls, can’t raise fish without water; Trampoline sports park coming to Frisco; Bloomingdale’s Outlet opens at the Shops at Park Lane; Knapp Medical Center sale halted; Source: North Texas, UT-San Antonio To Conference USA; West Texas Wildfires Burn Again; Texas Business School Teaching Door-to-Door Sales; Firms at War Over $10 Million Contingent Fee in Patent Suit; Lubbock pet store set to leave mall after 40 years; owner blames animal rights intervention; Title fight fallout: El Paso's reputation sullied after boxing snub; Calpine to add 550 MW in Texas as reserve shrinks; Amazon, State Settle Sales Tax Fight by Ross Ramsey; Texas Army Bases Go Green, but Challenges Remain; Latham & Watkins to Represent UT in Racial Preference Case; Experts: State universities can do better at turning research into revenue; El Paso officials denounce Chavez-Lee fight cancellation, damage to city's reputation; Hobby lobby: Dueling airlines' political operations take off; Dog Food Manufacturing Plant, Jobs Coming To Brownwood; Igloo sees boost from innovation; Larry McMurtry is planning a Texas-sized book auction; Texas running low on college educated workers; Former players file concussion law suit against NFL; and more. Full Story » |
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| According to physicist Bryan Greene there are infinite numbers of Texas, infinite numbers of Texas exactly the same, and infinite numbers of Texas with slight to radical variations. So how come you live in this one? Full Story » |
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