POLITICAL JUNKIES ON FACEBOOK:
QUESTION OF THE WEEK:
Do you feel the problem with the oil spill comes from drilling off shore or the regulations surrounding drilling off shore?
Hmmm, interesting question. Let me try to put on an objective thinking cap. It is not an easy task to decipher the happenings within a capitalist economic system. Making money or a "living" (the word used for the middle-class) is the main component in capitalism, so needless to say, supply and demand (i.e. supply=what is produced and demand=wages in workers pockets) is the rule. Since "drilling" (what is produced) for oil is considered just your average, ordinary business enterprise, the drilling in and of itself, cannot be considered the culprit. (Why we need drilling for oil is because oil had become the chosen poison for the energy needs of human consumption. That’s a whole different subject)
Any endeavor that humans indulge in to make $$$, needs regulation in order to protect society from fraudulent business practices (like dumping toxic refuse in our water supplies). When Reaganomics became popular, the ascent of deregulation and the descent of organized unions (protections) occurred, (allowing for more money to be made by CEO’s and stockholders) so a look the other way practice took effect.
Therefore, my humble opinion would be that regulations or the lack there of, is totally responsible for this disastrous and inexcusable spewing of petroleum (uncontrollably) into the ocean, threatening a part of Earth’s wildlife and beauty for many years to come.
Sad has become too insignificant a word to chronicle what will happen next. thinkingblue
Ravi Batra on The Thom Hartmann Show 04-30-2010
It's been a really long time since Dr. Ravi Batra has been on Thom Hartmann's show.
TIMELINE SLIDESHOW HERE
This is from Valatius Diary comment:
CHEVRON'S GRAPHICS ON DEEP WATER DRILLING site.