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« Thou Shall Not Pass | Main | MarketPlace 2010 »
Wednesday
Dec152010

Government Goes After BP

Yahoo/AP

It appears that 8 months after the start of the oil spill in the Gulf, the administration is going after BP. How this plays out is anyones guess. Obviously, the region, its economy and the people that live on the coast have suffered. They have lost their business, their tourism and for many, their way of life. The effects of the spill are still not fully know and it could be years before all the damage is understood.

What I want to know is what is the plan from here? Do we push ahead with drilling in the region or do we abandon it altogether? Do we try and find out what oversight was lacking and who did not meet their responsibilities or do we say the heck with it and give up?

With projects of this size and complexity, there are risks and they need to be evaluated. With oil creeping back towards $100 a barrel and the economy still teetering on a ledge, can we abandon domestic production? Do we want to run off producers and exploration outfits to other countries who would be happy to have them? Do we really want to depend even more on foreign sources of oil? I think these questions should be asked and we need to be careful how we proceed. We need to hold those who did not follow the regulations and safety guidelines responsible, but lets not destroy and industry and put our national security at risk. Lets not make the problem worse by punishing everyone in the industry for the acts of a few.

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