Home > Uncategorized > On Feel Sorry for BP Day, Coast Guard reports blasts Transocean's Deepwater Horizon, a Marshall Islands flagship. Somehow role of Govt as irresponsible resource owner is overlooked

On Feel Sorry for BP Day, Coast Guard reports blasts Transocean's Deepwater Horizon, a Marshall Islands flagship. Somehow role of Govt as irresponsible resource owner is overlooked

Yesterday, on Feel Sorry for BP Day (we all know that BP is just another victim of fishermen,other purported victims and Government, right?), the WSJ provided coverage of a Coast Guard report blasting Transocean, owner of Deepwater Horizon, a Marshall Islands flagship owner of the rig that blew up and sank last year, leaving an oil will that has greatly affected the Gulf of Mexico and the health and livelihoods of many thousands of people.

Somehow, both the Coast Guard and the WSJ reporters managed to overlook the 800 lb. gorilla in the room: namely, the role of Government as irresponsible resource owner. How convenient!

These days, even supposedly ‘capitalist’ new organizations don’t seem to have any grasp of how profoundly “non-capitalist” is our energy sector, which is heavily tied to government as resource owner and pollution-permit authorizer.

Here’s the link.

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