Oil is gushing in the Gulf. Ocean life is massively devastated. Fishermen are going broke. Industries dependent on Gulf and Gulf oil are facing huge losses.
So, who is to blame? Who is responsible for drilling? Who is responsible for the rig? Who buys oil from them? Rig owner is Transocean. Rig contractor is Halliburton. BP only buys oil from them. So now the question is, if I buy gas from a gas station, and it explodes, is it my fault? Because I did not make sure the station follows regulations? Because I buy a lot of gas and hence the owners doesn’t care? What’s the logic?
Why blame BP? Pure politics. BP is not an American company. So it is an easy target. BP has money so it is easy target. Government knows BP has a lot of interest in US, so it becomes the target. Why doesn’t anyone talk of prosecuting Halliburton or Transocean?
It seems like the US is ganging up on BP to pay. Either because Halliburton & Transocean doesn’t have the money to pay or perhaps shielded by some political propaganda.
This behavior is shocking to say the least. And no one in US seems to be complaining at this day & time by the robbery of a British company. I guess since Cameron wants his soldiers out of Afghanistan, Obama is repaying him by making sure BP goes belly up.
Time would tell how this all would turn out. I would suggest BP not to spend a single dime more than $75Million ceiling as per law. I don’t think US market for BP is bigger than its own existence. US may drag BP in different courts, but who knows, BP may win the case against US Govt for defamation, false implication and perhaps recoup some money spent in this tragedy, though it should not have had spent it in the first place when Halliburton and Transocean are free to roam.
And to bring more insanity to the discussion, no one knows why the rig blew up. Was there a gush of pressure from the well which blew up the entire structure? Was it not maintained properly? Was it not fit enough to be there at the first place? Did some one sabotaged it? Did the regulators had some interest? Who knows.
I don’t like the word “regulation” when there are apparent MISUSE of it by the so called “regulators“. Humph!
Image credit: HuffingtonPost