If you want true self regulation than force BP into full liability by allowing them to homestead the land they are drilling on rather than allowing them to diminish their own liability by eliminating the built-in incentives for self regulations that exist within a free market. This was the clear result of the state capitalist system in which the Minerals Management Service of the Department of the Interior has a symbiotic relationship with big oil as it gets its funding from royalties from continental shelf oil and gas production and this corporatist system which allowed for the $75 million cap on BP liability.For too long Congress has allowed the oil companies to regulate themselves.
Last edited by Agent Ferris; 05-25-10 at 04:33 AM.
Curious that Republican Palin is accusing Obama of laxation and deregulation of oil companies. When one of the biggest contributors to the Republican caukse are the oil companies and when the Republican motto is: Drill, baby, drill. I guess it changed to : Blame, baby, blame
The tragedy is not that things are broken. The tragedy is that things are not mended again. - Alan Paton
Bach is the beginning and end of all music - Max Reger
It is not God who kills the children. Not fate that butchers them or destiny that feeds them to the dogs. It's us. Only us - Rorschach
How long did Todd Palin work for BP?Palin accuses Obama of being in bed with big oil
This is really embarassing for the oil industry that so soon after the United States decided to relax some drilling restrictions these assholes screwed up so badly. It really pisses me off and BP should have to pay dearly for their mistake. As for Obama's fault in this matter, it is probably more a PR disaster then anything else. I don't know what else the government can actually do to stop the leak but they sure could be doing more to mobilize cleanup and containment. We shouldn't be waiting for BP on that count.
The Obama administration can be blamed to a degree - however, all of these drilling permits were there long before they took office. What was not there for them were the tools to be prepared for a spill like this.
Why were we letting them drill when we knew we didn't have the tools to stop something like this?
I can't simply place the blame on Obama for that. I can say this: there seems to be a lack of ideas.
Voting for the other party isn't suddenly going to end this relationship - especially if you vote for Little Miss Drill Baby Drill.