Deepwater Drilling Ban Lifted by New Orleans Federal Judge - Bloomberg

Tuesday, June 22, 2010

A New Orleans federal judge lifted the six-month moratorium on deepwater drilling imposed by President Barack Obama following the largest oil spill in U.S. history. Drilling services shares jumped on the news.

Deepwater Drilling Ban Lifted by New Orleans Federal Judge - Bloomberg

Posted by JN Kish at 7:01 PM
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Disaster Defined

An occurrence causing widespread destruction and distress; a catastrophe.

A disaster is a perceived tragedy, being either a natural calamity or man-made catastrophe. It is a hazard which has come to fruition. A hazard, in turn, is a situation which poses a level of threat to life, health, property, or that may deleteriously affect society or an environment.

In the modern world, the traditional view of natural disasters as punishments for human wickedness has given way to the scientific study of the causes of seemingly unpredictable acts of nature. In recent years, however, scholars have placed more emphasis on the roles played by greed and indifference to potential human suffering in many seemingly "natural" disasters.

The excerpts above are from The American Heritage® Dictionary of the English Language Fourth Edition, Wikipedia and the Encyclopedia of American History. Retrieved June 04, 2010, from Answers.com Web site: http://www.answers.com/topic/disaster


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