If you want to talk about a joke then you have come to the right Blog today. Do people still wonder why our country is going down the tubes? In my mind this comes down to two fundamental views whether you believe in big government and more regulations or smaller government and less regulations. The oil spill in the gulf I think falls in the category of smaller government and less regulation and I believe I was proven correct today on Capitol Hill. Rex W. Tillerson Chairman of Exxon Mobil testified today that he does not think that a disaster like the Bp oil spill could happen with his company. John S. Watson CEO of Chevron also took the same line as Rex implying that Bp mishandled the situation. This is where the joke really starts to develop, Bp’s plan in case of an oil spill said that it would be able to handle a spill of up to 250,000 barrels of oil a day. We see how well they are doing with a 30,000 barrel a day spill, not to worry because Chevron says it can handle up to a 200,000 barrel a day spill. Alright that’s seems a little more realistic I suppose so what about the rest of their plan. Well the U.S. oil companies also includes plans to rescue walruses and oh yea they also list the same phone number for the Oil expert Bp listed that has been dead for years now. So our U.S. oil companies have almost exactly the same emergency plan as Bp does, don’t you feel safer now? What this tells me is it was not only Bp it is all the companies drilling for oil off our coast. Our Government approved these plans and said everything is ok, go ahead drill baby drill. I believe this is a direct result of less regulation the desire for a smaller government. The tone set by our Government tells business do whatever you want to make money, don’t worry we will fix it later. Kind of sounds like what happen when our financial system nearly tanked with the real estate bubble. Profit , profit , profit how many more times can these disasters happen before one day we are not going to be able to make it back from the edge of the cliff.
Ny Times - Oil executives try to explain diffrences from Bp.