Send a Tweet
Most Popular Choices
Share on Facebook 3 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds   

Slippery Talk: Obama Has Learned Nothing from the BP Blowout

By       (Page 1 of 3 pages) (View How Many People Read This)   8 comments
Author 63
Message Dave Lindorff
Become a Fan
  (87 fans)

By Dave Lindorff



President Obama claims to have learned a lesson from the disastrous blowout of British Petroleum drilling rig in the Gulf of Mexico: a "cozy relationship" between the agency that regulates oil drilling, the Minerals Management Service, and the oil industry, he charges, allowed companies to drill in vulnerable offshore areas without properly assessing the risks to the ocean and its ecology.


He's only just figuring this out?


Hell, we already had an example of the problem of "cozy relations" between regulators and industry. The bank crisis that produced the current recession was the financial equivalent of a much bigger oil-well blowout than the Deepwater Horizon rig. It was a catastrophic blowout of the entire global financial system--and it was precipitated by an identical "cozy relationship" between US bank regulators and the banking industry that they were supposed to be regulating. That financial blowout has left almost one in five US workers without jobs now for two years, with no end in sight. And like the giant hidden plumes of oil spreading out in deep layers of the Gulf and heading for the Gulf Stream, it also spread to Europe and beyond, hobbling economies around the world.



(Image by Unknown Owner)   Details   DMCA


But that's only the beginning. If a "cozy relationship" between regulators and the industries they are supposed to be regulating is a bad thing when it comes to the oil industry, is this because the oil industry is particularly evil and corrupt or is it the principle of the thing? Of course not. As corrupt as the oil industry is, no one could say that industry is unique in its efforts to skirt rules, buy legislators, manipulate prices or poison the public.


So why is the president only talking about this one "cozy relationship"?


What about the drug industry and the Food and Drug Administration?

Next Page  1  |  2  |  3

 

Must Read 2   Well Said 1  
Rate It | View Ratings

Dave Lindorff Social Media Pages: Facebook Page       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Dave Lindorff is a founding member of the collectively-owned, journalist-run online newspaper www.thiscantbehappening.net. He is a columnist for Counterpunch, is author of several recent books ("This Can't Be Happening! Resisting the (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Israel's Gaza Atrocities Recall America's Atrocities in Vietnam

Supreme Court Junket King Scalia Dies While Vacationing with Wealthy Patrons at Private West Texas Getaway

Looming climate catastrophe?: A Rapidly Warming Arctic Could Loose a Methane Climate Bomb Causing Extinction in 9 Years

Something's happening here: Clinton's Crumbling, Bernie's Surging and a 'Political Revolution' May Be in the Offing

The Case for Impeachment of President Barack Obama

Barack Obama: Manchurian Candidate Version 2.0

To View Comments or Join the Conversation: