Editor: Paul L. CaronPepperdine University School of Law
Monday, June 28, 2010
By Paul Caron
(Hat Tip: Greg Mankiw.)
Listed below are links to weblogs that reference BP Spills Coffee:
Here's the reaction of the President to the coffee spill: OBAMA SINGS ASS TO KICK
Posted by: Woody | Jun 28, 2010 9:26:05 AM
Funny video, but the BP spill has all the earmarks of a "wrecking".
What's a "wrecking"? What maritime privateers (pirates) did and do to lure a foreign vessel into its waters sometime by moving the light houses in order to wreck it for the salvage value.
Who "lured" BP into the Gulf's deep waters? Standard Oil of Ohio geologist Jack E. Golden who left SOHIO went to BP and now works for Cobalt Energy. He is on the board of the Carlyle Group. Cobalt's CEO resigned mid-June, 2010, just after the spill but he, Herbert L Gray was with Zurix an Enron sub before coming to Cobalt. Zurix was sued for stock manipulation of its IPO....and you know what happened to Enron....another type of corporate "wrecker"....nearly wrecking the economy of California who may say deserved what they got because they would drill in deep water offshore.
In the video the arrival of Halliburton who is accused of delivering faulty cups, may not be far from the truth...having purchased Boots & Coots the oil clean up and service company in the weeks prior to the spill. The oil companies make the disperants, they provide the clean up...heck, they might as well be in water purification.
What? Azurix was? Just like Bechtel in Bolivia where in 2000 it conducted a "water war".
Who would stand to gain from such a spill?
A: The oil industry itself would have a potential moratorium on future blame for similar or lesser spills in the region.
A: America's oil dependence is seen mitigated by the promise of CNG, but CNG...compressed natural gas....is compressed to 600x's it natural state and under about 5000 psi of pressure and has been dismissed as too risky for inland transport in large tankers. Will New Orleans become a new CNG Mecca in the wake of Katrina and the BP spill....with its straight shot up the Mississippi to the nation's heartland? What else are all those Cajuns going to do? Fish? Oyster? Maybe with the help of Kevin Kostner's pumps in a backyard pond.
A: A weakened BP which was the leading lease holder of Gulf deep water leases thanks in part to Mr. Golden's "leadership" may be much more willing to sell off these leases....if for no other reason than to withdraw from the current atmosphere and anger and litigation.
The effects are to have provided a "wrecking"...like that done by Americans in Key West, Florida and Nags Head where lanterns were tied around horses heads as they were led around buildings to throw off the ships at sea for quick salvaging.
But BP had 760 safety violations in the same time period that Exxon had only one, as evidenced by the reports of the Materials Management Services!
A: Really? By the MMS? And you believe that? I believe that I could cite Exxon for more than that if I were drunk, stoned and blindfolded.
Corpus Christi, TX
Posted by: Will Carr | Jul 8, 2010 9:34:10 PM
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