Agricultural Economics Department


Date of this Version



Published by the Department of Agricultural Economics, University of Nebraska – Lincoln. Copyright 2010 Regents of the University of Nebraska.


In this year of the monumental oil spill off our shores, Americans are being brought face-to-face with some stark realities of our time. First, we are seeing that current technology and human processes can’t insure the prevention of environmental disasters, creating havoc to large economic regions as well as to fragile ecosystems. In fact, if a single 21-inch pipe spewing millions of barrels of oil from the floor of the Gulf can continue for months on end, without effective correction, just how ingenious are we as humans?