Obama’s “twist off” in the Gulf of Mexico

President Obama is determined to place the full blame for the terrible oil
rig explosion and the consequent disastrous oil leak in the Gulf of
Mexico totally on the back of BP. But Obama does not stop there. He also
has demanded that BP be liable for the lost salaries and wages of
workers employed on rigs that were shut down by his arbitrary and capricious
moratorium on drilling operations.
 
The President is apparently incapable of connecting events and allocating
clearly the causes and consequences of the actions of the different parties to
this fiasco.  In retrospect the feds, by failing in their regulatory
responsibilities, and prohibiting drilling on land and in shallow waters, must
shoulder a good deal of the blame for the ultra risky environment that is
at the heart of this crisis.
 
The unrealistic demands of environmental zealots and the related federal
environmental restrictions on drilling are chief factors which drove
the operations into water depths of a mile and more deep where solutions
to operational problems became extraordinarily more complex and difficult.
Ironically,moments before the explosive rush of gases started, the Deep Water
Horizen’s crew was assembling for the celebration of seven years without a
single injury.  As someone who has been involved in drilling operations on a
rig, this is an amazing feat given the risky nature of drilling operations
 
Not only does Obama refuse to honestly conceptualize the nature of the
disaster, assess the root causes and allocate blame accordingly,but  by failing
in this regard he appears to be on a certain mission to crush BP’s cash
reserves,market value and investor interests.
 
Obama also grossly misleads the American people and politicizes the crisis
by rebuking oil
as being a crucial source of fuel to our energy future. Green
renewable energy sources will
not fill up the gas tanks for the next generation of Americans–only oil
based fuel will do that. 
At best Obama is unrealistic. At worst he is intentionally and wrongfully
manipulating the present Gulf crisis to advance his unpopular "cap and trade"
policy.  
 
Obama has made his position clear in the past that he is no friend of
capitalism, the profit motive and large corporations which he instinctively
relishes punishing and blaming for the ills of society.
 
Certainly BP must make good on its obligations to remedy this terrible
tragedy , subject to BP’s sense of social responsibility and the applicable laws
that govern these obligations. BP must balance its social responsibilities to
the environment and individuals which have been harmed by this disaster with its
responsibility to its investors and it own corporate survival.
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