THE MESS IN THE GULF

06/15/2010

THE MESS IN THE GULF

So now you have heard from the president of the United States about the mess in the gulf. I have been blogging about it and also been writing about it on CNN blogs, here is some of what i have said,

 May 28

It is a given that the consumer, and not the BP, the big oil or the government will pay for the damages and the clean up. Now what we need to talk about is that how will effect not just the gulf states and their residents, the beaches, the value of water front properties, the fisheries, the fisher men, the boating, the... marinas, the sea food industry and the food supply of the whole region and country. If the spill persists and the oil mars the beaches along the gulf coast and may be more, we are looking at the lifestyle changes for millions, with higher fuel costs, higher unemployment, the jobs changes required and retraining for the whole industries along the coast line. Decline in the value of water front properties that have already suffered as much as fifty percent decline in values already, now do you understand the little spill and the value of stocks in the oil companies? Exxon Valdez incident happened in a restricted water with few people living around the shore.

Not yet to speak of innumerable diseases and side effect of living in proximity to the oily beaches where the oil residue and fumes will linger for many years to come yet. Will we be willing to pay for the total cost, or will it become a life changing incident for the generations to come.

Just to make sure we are still in the same world, BP is accused of negligence and is asked to pay for all the direct and indirect damages, and losses. Then why is it that the banks and the FED are not accused of the financial ruin of the United States and so many more lives and livelihoods? Is there not an Equal justice clause in the US constitution, then why is no one from the banks and financial institutions being prosecuted for fraud and negligence and incompetence, lets get to the bottom this. 

Now that Mr. Obama has spoken there is another question and the question is this, if we succeed in making BP pay for all the damage it has caused, (that is if it can survive as a corporate entity with all the costs involved in the long term rehabilitation of the gulf and the gulf coast areas involved, what company will ever do business in the United States ever, be it searching for oil or run a coal mine or a power plant or a chemical plant? And if yes then at what cost?   And you and I know that this cost ultimately will be borne by the consumer, that is you and me, the truth is that you and I will also pay for the gulf clean up.

LIFE IS A GAME OF CONNECT THE DOTS, IF YOU DON'T CONNECT ALL THE DOTS OR DON'T CONNECT THEM IN THE RIGHT ORDER YOU NEVER GET THE PICTURE