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That’s how we deal with tragedies in the oil business. Accidents happen. People die. Pollution spreads. We don’t abandon oil. We study what went wrong, try to fix it, and move on.
Contrast this with the panic over Japan’s reactors. For 40 years, they’ve quietly done their work. Three days ago, they were hit almost simultaneously by Japan’s worst earthquake and one of its worst tsunamis. Not one reactor container has failed. The only employee who has died at a Japanese nuclear facility since the quake was killed by a crane. Despite this, voices are rising in Europe and the United States to abandon nuclear power. Industry analysts predict that the Japan scare, like Chernobyl, will freeze plant construction.