Nightmare Holding Pattern News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Three days ago a really big oil tanker collided with another ship about 160 miles off the coast of shanghai. three days ago. it's been on fire ever since. and as you can probably guess just by looking at that plume of black smoke this is a big problem. apparently when that much oil is blazing away there's not much to do but wait for the fire to go out or, gulp, wait for the tanker to explode. it was carrying nearly 1 million barrels of oil. experts say it is more than likely this tanker is going to blow. if the thing blows up, the explosion presumably destroy it entirely and sink it and at a m...

Destroy the tanker entirely and sink it, which at a million barrels of oil would be a spill three times bigger than the exxon valdez was in 1989. and that was one of the largest environmental disasters in the history of the world. so for the moment they're in this nightmare holding pattern, watching it burn, waiting to see if they've got another, you know, exxon valdez on steroids on our hands. that's exactly the doomsday scenario u.s. government officials had in mind when they created the oil spill liability trust fund. it's basically an oil spill emergency slush fund. it was created in the w...