Oil Oil Everywhere
Posted on May 26, 2010 | By Christian | No Comments
So, its been over a month now since the Deepwater Horizon exploded and sank and from what I have read I don’t think we have made much, if any, progress in containing this mess. Between BP, the Government, and the ”experts” it seems no one really knows what exactly to do about it or the true impact. The only thing that we can be sure of is its not a good time to buy BP stock and probably a good time to get into disbursements.
There are many things about this I don’t understand, including who is really to blame. Initially it seems the blame can all fall on BP and be done with it. However, how could they be allowed to get themselves into this position? It’s obvious the technology for safe deep water drilling is not as fool proof as it needs to be. Weren’t there government regulations and oversight of this type of drilling? Shouldn’t periodic testing be done to make sure there are no equipment issues?? After all, the equipment is at the bottom of the ocean! WTF People???
I really hope we learn from this and big oil doesn’t buy its way out of it in the long run or it gets forgotten.
What a mess.
I have to admit though, I do feel a bit better about that oil stain on my garage floor.
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