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Government Involvement In Chrysler Bankruptcy: The Least-Worst Alternative?, John A. E. Pottow
Government Involvement In Chrysler Bankruptcy: The Least-Worst Alternative?, John A. E. Pottow
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As usual, my colleague Jim White has hit many nails on many heads. Also as usual, however, I’m going to be a pain and part ways with him a bit. First, was Chrysler’s bankruptcy “suspicious” in its use of section 363 of the Bankruptcy Code? You bet. Leaving aside the proliferation of 363 sales to swallow Chapter 11 as we once knew it, Chrysler was out in left field. Not only was it a “sale” of everything meaningful in the company, it was to a seller—Fiat—that put in no money. (To be fair, Fiat agreed to contribute technological know-how on …
The Gulf Spill Context: Peak Oil, Risky Oil, And Energy Strategy, Edward A. Parson
The Gulf Spill Context: Peak Oil, Risky Oil, And Energy Strategy, Edward A. Parson
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As shocking as the situation in the Gulf of Mexico may be, in this broader context it must be regarded as a normal event. That’s not to say that it’s normal in relation to past experience. Rather, the Gulf spill is “the new normal,” in the sense that our current energy strategy—or lack thereof—will make such events increasingly likely, even if we assume conditions of effective regulation and responsible compliance that evidently were not present on the Deepwater Horizon.