All of the techniques now being used to plug the oil spill in the Deepwater Horizon disaster in Macondo Prospect were tried 31 years ago with Ixtoc I and they failed. It was only when relief wells came online 10 months after the disaster began that the Ixtoc spill could be capped.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.