"Some good news is that, using government-scientists’ maximum estimate of the amount of oil spilled daily (25,000 barrels) into the Gulf of Mexico from BP Deepwater, this spill today ranks as only the ninth largest accidental oil spill in world history. To become the largest accidental oil spill in world history, it would have to continue spilling unabated, at this maximum-estimated rate of spillage, for another 94 days. (Using the mid-range estimate of daily spillage – 18,500 barrels daily – BP Deepwater would have to spill unabated for another six days [as of May 29] even to break into the top ten, and then another 134 days beyond that to become the world’s largest accidental spill.) Yet how frequently is news of this fact, which gives necessary context, spread by the mainstream media?

Even better news is the declining frequency of major oil spills. Some evidence of this healthy trend is the fact that the average time that elapsed between each of history’s top ten accidental oil spills prior to BP Deepwater was 26 months. But the amount of time between the most recent of these top-ten spills (which occurred in September 1994) and the BP Deepwater spill is 187 months. How many Americans today hear of this happy trend?"

From Don Boudreaux.... Cafe Hayek.