BP is responsible for not have a plan in place to stop the oil from flowing into the gulf. This lack of foresight will cost them $20 billion dollars, which thankfully they can afford. Obama's administration is to blame for the lack of oversight or understanding in deep water drilling. If our government gives permits to drill without assuring that the company has worse case scenarios covered, then Obama does have to answer for failing to managing the situation properly. Every cure to fix to leak has all been "firsts" or "experimental" or "never before tried". That just makes my blood boil! WHAT???? HOW CAN THAT BE!!! This company made $20 billion and our government doesn't demand they have fail safes in place to quickly fix oil spills. How stupid!
BP is responsible for not have a plan in place to stop the oil from flowing into the gulf. This lack of foresight will cost them $20 billion dollars, which thankfully they can afford. Obama's administration is to blame for the lack of oversight or understanding in deep water drilling. If our government gives permits to drill without assuring that the company has worse case scenarios covered, then Obama does have to answer for failing to managing the situation properly. Every cure to fix to leak has all been "firsts" or "experimental" or "never before tried". That just makes my blood boil! WHAT???? HOW CAN THAT BE!!!
That loss of $20 billion in income will certainly shake-up the BP's operations. The stockholders will demand it. The more important question is who will hold Obama accountable for his administrations oversight failures? Certainly he could lose the 2012 election, but that won't fix the problem.
My recent entry on deficitaid.com, 100% Debt Vs GDP, discusses the bigger problem that I see with the lack of attention the looming fiscal crisis is getting from the media. We are so "disaster" driven in this country, the media flocks to those stories to make money. Why don't we have a media that focuses on lack of planning for worse case scenarios in deep water drilling before the accident. Or to our focus, discussing solutions to fixing the looming fiscal crisis before that too turns into a disaster.
I went to school in the pan handle. I learned to love that coastline which now is destroyed. I also love American and just want this country to take action, what ever the action is, before its a disaster.
This isn't a right, left or center issues any more. This is American issue that needs a leadership to fix it.