So, it’s funny how this oil derrick just looks like an I-beam with a few other chunks of steel welded to it, connected by a hinge to a sort of gallows. If you spend any time at all examining the picture for its constituent parts, it almost begins to break itself down. What other kinds of things might be made with these materials?
Many more pictures here of what happens to a place when a boom goes bust, especially one based on oil production. The sociological connection to everything required for extraction is not far removed from this idea; but neither is the way we shield ourselves and our tender sensibilities from the extraction costs when they include exploding bodies and flag-draped coffins. It’s scandalous how we permitted the government to ban photographs of soldiers returning home in cargo planes. That’s the extent of our honor right there. Look away, indeed. These are the costs of our dependence strategies, the further externalities, if you will, and if we can’t handle them then we should perhaps think twice about tying our liberty and freedom to gassing up.
These are among the cautionary guidelines we should consult in our decision-making. Without them, we’re just walking in front of cartoon scenery. You can’t section off moral hazard as though it’s a completely separate consideration. Unless you’re able to do that. Then, you’re all set!
I hope they’re making this up. According to wikipedia, the derrick device was named for its resemblance to a hangman’s gallows; the derrick-type gallows was itself named for an Elizabethan Era executioner.