Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

The BP oil spill and American capitalism: convert energy corps into public utilities?

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
Karmadillo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-08-10 08:19 AM
Original message
The BP oil spill and American capitalism: convert energy corps into public utilities?
The article notes there were five "loss of well control" disasters in the US in 2007-2008, but there were none in other major offshore drilling countries. And I would bet those other countries have better health care, better education, and better social support programs than the City on the Hill. Business as usual sure isn't working for the majority of the American people. We need something different. We have nothing to lose but our Corporate Masters.

http://www.wsws.org/articles/2010/may2010/pers-m08.shtml

The explosion on the BP oil rig Deepwater Horizon on April 20 off Louisiana’s coast, which took the lives of 11 workers and has resulted in a massive oil slick that threatens economic and environmental ruin for the Gulf Coast, stands as a powerful exposure of American capitalism.

Each day brings new revelations that federal regulators under both the Bush and Obama administrations aided and abetted BP and the oil industry as they disregarded safety and environmental precautions that might have prevented the disaster.

Some of the most recent revelations include:

<edit>

• A 2002 study conducted by the MMS revealed that vital equipment on oil rig blowout preventers did not function. In laboratory testing of one manufacturer’s shear rams—devices used to sever pipes after a blowout—half failed. Seven other makers refused to have their shear rams tested.

<edit>

• In June of 2009, the MMS exempted BP from producing a legally-mandated environmental impact study for the site where Deepwater Horizon would drill. Obama was earlier warned by the National Oceanic and Atmospheric Administration (NOAA) that MMS studies approving offshore drilling were not reliable.

<edit>

The incestuous ties between the MMS and the oil industry have not been severed with the election of Obama. Obama was in fact the top recipient of BP “employee donations” in the 2008 election cycle, and the company has mobilized tens of millions in a massive lobbying campaign that has brought on board such powerful Washington insiders as Democratic Party kingmaker John Podesta, former Democratic House majority leader Thomas Daschle and former Republican Senator Alan Simpson (a key member of Obama’s bipartisan budget committee). Current CIA director Leon Panetta has also served on BP’s “external advisory council.”

Only weeks before the Gulf disaster, in an open sop to the oil companies, Obama declared his intention to make large regions of the US coastline available for oil drilling.The Deepwater Horizon explosion is the result of decades of “deregulation,” which proclaimed that the “free market” could best regulate itself. Beginning in the late 1970s, the US government, under both Democratic and Republican administrations, has worked to systematically eliminate all constraints on corporate profit-making.

The result has been disastrous for the population of the US and the world. Corporations controlling vast social resources make decisions affecting millions of people on the basis of profit. Working hand in glove with “regulators,” little more than wholly owned subsidiaries of industry, the corporate elite targets for elimination any outlay that diminishes profit returns to the top executives and shareholders, whether it be environmental protection, product safety, or workers’ safety—as a spate of recent deadly workplace accidents has revealed.

more...
Printer Friendly | Permalink |  | Top
Karmadillo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-08-10 11:55 AM
Response to Original message
1. Kick
nt
Printer Friendly | Permalink |  | Top
 
Karmadillo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 08:54 AM
Response to Original message
2. Nobody thinks this might be a good idea?
nt
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat May 04th 2024, 06:14 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC