Excellent, clearly presented ariticle re oil refineries, environment and weighing the options.
“This sort of compromise between feasibility and risk is common in large resource extraction projects like the oil drilling in Cook Inlet. In theory, risk is carefully weighed against benefits of development. However, the corporations developing a resource receive a greater portion of the benefits than the public with whom they share the risk. This conflict of interest between the public and industry muddles the issues involved and leads to a reactive policy of handling hazards, like we see at the Drift River Terminal.”