- Description
On the eve of the President's speech from the Oval office we talk to Al Hunt of Bloomberg News and Jake Tapper of ABC News
- Keywords:
- United States
- policy
- Obama
- British Petroleum
- oil Spill
- Domestic
- gulf
- leak
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robdverity 06/15/2010 04:39 PM Report
SIZES loom large: peak oil?, spewing oil?, total oil production?, total oil consumption? All seem to be questionable. If this one well has tapped into a seemingly bottomless pit, how much is on tap and tappable in all the multiple sites (on and off shore) world wide? Spoon fed peak pablum by big oil to keep prices artificially high?
Further, conventional wisdom(?) espouses urgency in breaking our addiction to OPEC oil. Ecologically YES! Economically ? Becoming problematical. The spill's ecological gulf costs are spilling into the economic cost.
As a cautionary tale for starters: for each trillion dollar cost of the spill (long-term several times BP net worth?) the US could buy 10 billion bbls of $100 per bbl OPEC oil. [Need math check - too many zeros.]
The ecological damage will not be repaired in a year, two, three or more. Decades will unfortunately be more like it.
We are a sicko dollar-addicted venal culture. Everything is ultimately for sale; starting with govt.; regulations (finance, SEC, MMS, yadda); corporate greed; cost-cutting (social costs be damned); etc.
Trade one dolphin for two CEOs: starting with BP and GS.
REMant 06/15/2010 04:02 PM Report
I think I'd accept what the admin has said about this, that they were aware of the problem from the beginning and did what they could, but clearly they did not undertake, until Carville forcefully pointed out the political implications, to make visits, during which the president has acted perfunctorily, or make meaningless speeches. However the public in so-called democracy expects this of their leaders, and the admin should have realized it, esp with an election looming. I would guess it didn't because politicking has taken a back seat to passing their agenda before Nov. It seems Hunt meant to say this, but with him one is never sure.