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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Gib Bogle who wrote (73695)	5/26/2010 6:00:07 AM
From: Maurice Winn	1 Recommendation of 74559

Gib, I know you are far too busy on important matters of the planet but here's a good link covering the oil spill situation: initforthegold.blogspot.com I put the hysteria down to various aspects: It's totally cool to be environmentally hip and successful posing gets one high on the pecking order. BP is part of The Seven Sisters and the Rockefeller descendants are still politically active. Big Oil is evil. Anyone with loads of money is ipso facto an evil-doing selfish greedy crook. BP has loads of money so deserves contempt and having it stolen from them by politicians and their supporters. BP is English. Yes, I know it's technically British but Americans who think they are Irish are anti-English, not anti-Irish, anti-Welsh or anti-Scottish. Also, there are shareholders from around the world but Tony Hayward is obviously English and that's good enough. Remember 4 July!!! Paul Revere warned that the British were coming and now they are right there, destroying the environment because they get money for every pelican they kill. Engineers and scientists are suspect at the best of times. Engineers are low on the pecking order - not many politicians are engineers and have you checked the NZ Honours lists over the decades for engineers? Giving them a kick is good form. People are economically illiterate so have little ability to put the situation into perspective. Their opinions and emotions are driven by news media in a feedback loop. Most people have little idea what $1 billion means other than it's lots more than they have. People are ignorant about science and engineering so have no idea about the processes involved in the situation. As the writer in that link pointed out for example, the submarine oil plumes are trivial compared with the Gulf Stream and the loop. The pursuit of money - there's money for many people in the situation. BP is paying out heaps and loads of money is being made. When BP spends money, somebody is collecting it. Swarms of people are crowding in for a piece of the action. Of course they make a lot of noise to get some of the loot. Mqurice

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