Musings —06.13.2010 08:35 AM—
There are tens of thousands of gallons of oil that continue to gush into the Gulf of Mexico, destroying the environment and peoples’ lives. Since April 20, as many as 100 million gallons have spewed into the sea – which, last time I checked, is a body of water that connects pretty much everyone.
By now – with the oil reaching throughout the gulf, and expectations that it will hit much of the Atlantic coast by Summer – it is apparent that BP is not doing nearly enough. President Obama made a mistake in assigning so much of the early responsibility for a fix to the company that created the problem in the first place.
Not surprisingly, BP’s net worth has plummeted, and many expect they cannot survive the calamity. That is a problem because their ability to cap the pipe, and clean up the mess, is directly linked to their financial position. At some point soon, BP will petition itself into bankruptcy protection and attempt to walk away.
That can’t be allowed to happen. At this stage, I think the U.S. government needs to seize BP assets – and take full control – to ensure that remediation efforts continue.
A petition to that effect is found here.
Sign it if you feel as I do.