Is Obama Powerless Against BP?

obama spill

Shamus Cooke: When the polls reported that Obama wasn’t taking the oil spill seriously enough, his next TV appearance depicted him as “outraged.” Yet his continuing lack of action doesn’t match his new, stronger emotions; nor does his inaction match the dire seriousness of the situation.

A Bonny BP Ditty

bp oil spill

Jerry Drucker: The U.S. Congressional Hearings were held to learn where the blame lies between British Petroleum, Halliburton or Transocean for the largest oil spill in U.S. history. The circle of lies has started going round and round, where it stops everyone knows. BP blames Halliburton, Halliburton blames Transocean and Transocean blames BP. We can see the blame lies in a circle of lies. The only real question remaining is which big oil CEO will be the first to receive a billion dollar bonus.

BP Stands for Bad Petroleum

bp oil spill

Robert Reich: Ad campaigns about corporate social responsibility are cheap. So are public scoldings by politicians about a corporation’s irresponsibility. Watch not what they say but what they do. The only way BP will pay more than $75 million — and the costs of the spill will easily top that — is if they’re required by law to do so.

Too Big to Fail Capitalism

Oil Wells

Craig Williams: Businesses are constantly in competition, but at some point, as they evolve, either one or a small group of companies often control most of market share. Combine that with a money-driven political system and you have industries too big to fail and a powerless population to weak to succeed.