Conservatives have dubbed the spill "Obama's Katrina." But the roots of the disaster, which could potentially have been prevented by enhanced safety measures, stretch back to the George W. Bush years. During that era, Interior became a revolving door haven for industry lobbyists. MMS developed a hands-off approach to regulation and was known for its deference to the companies it was supposed to be policing.
A confidential government report on the unfolding spill disaster in the Gulf makes clear the Coast Guard now fears the well could readily become an unchecked gusher shooting millions of gallons of oil per day into the Gulf.
Big, wealthy oil companies like BP are usually expected to pay to the cleanup costs themselves. But that still leaves the cost of all the indirect damage to fisheries and wildlife habitats in the area. In that case, under current law, an offshore rig operator is liable for up to $75 million in damages. After that, the federal government picks up the tab, using an oil spill liability trust fund that's paid for by a tiny tax on oil (amounting to one-tenth of 1 percent of the price).
"BP didn't file a plan to specifically handle a major oil spill from an uncontrolled blowout at its Deepwater Horizon project because the federal agency that regulates offshore rigs changed its rules two years ago to exempt certain projects in the central Gulf region"
27 waivers or exemptions from in-depth environmental studies were given to Gulf Coast oil companies...AFTER the BP oil spill in April 2010? Does anyone know what these 27 waivers consisted of? Were they substantive, either individually, or as a whole? What agency or agencies granted them?
"...big business has cemented an unholy alliance with big government against the interests of ordinary Americans, who, of course, are the great majority of Americans. The great majority of Americans no longer matter."
The profound risk to our national and economic security posed by the prospect of the world's sudden loss of access to Persian Gulf oil contributed greatly to the strategic miscalculations and public deceptions that led to our costly invasion of Iraq...