Energy systems need to also be measured according to the potential risks associated with them in the advent of failure. And the actuarial costs of these risks need to be better understood and included into the market price for the energy that these systems produce. This post examines this catastrophic downside risk of nuclear and fossil energy focusing on the recent events in Japan and on the BP oil spill as two recent examples of hugely expensive catastrophes. It poses the question why should the taxpayers and the public bear the burden of these costs in this manner artificially lowering the price these energy sectors are thus able to charge for their products.
The purpose of this article is to point out the hundreds (possibly thousands) of job opportunities that will be created in other industries because of the Oil Spill and other unfortunate crises. Hinton Human Capital stands in firm support of the thousands of people who have lost their businesses and jobs due to this disaster.