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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: coug who wrote (81332)	6/14/2010 2:51:09 PM
From: stockman_scott	2 Recommendations Read Replies (2) \| Respond to of 89467

Cheney's push of deregulators led to BP disaster therealnews.com

To: coug who wrote (81332)	6/14/2010 6:54:30 PM
From: stockman_scott	1 Recommendation Respond to of 89467

The Five Flawed Choices of the Oilpocalypse? dailykos.com

To: coug who wrote (81332)	6/15/2010 8:54:57 PM
From: stockman_scott	Respond to of 89467

Former Department of Interior Secretary Bruce Babbitt ripped on current Secretary Ken Salazar's plans to reform the beleaguered Minerals Management Service over the weekend. "I think Salazar is basically rearranging the chairs on the deck of the Titanic," Babbitt, who served as secretary for eight years under Bill Clinton, told Platts Energy Week... motherjones.com

To: coug who wrote (81332)	6/16/2010 12:03:05 PM
From: stockman_scott	Respond to of 89467

BP Turns Away Expert Oil Spill Volunteers! dailykos.com!

To: coug who wrote (81332)	6/16/2010 2:00:23 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

BP bigger blow to confidence than euro debt crisis blogs.reuters.com Forget Greece — the biggest blow to global investor confidence right now lies 5,000 feet below the waters of the Gulf of Mexico. That might seem an odd statement. After all, at worst the Macondo disaster would wipe out one big company, BP, while a sovereign default could domino throughout stock, bond and currency markets, bring down some of the continent’s biggest banks and potentially break up the single currency. But what’s most worrying about the Gulf leak is the apparent inability of man — whether embodied by corporation or government — to stop the flow of oil. That impotence damages investors’ faith in the technological foundation of capitalism. Until the oil is stopped, the financial markets will labor under an oily coating of fear. The stock market has already weighed in. The S&P 500 Index hit new highs while the Greek crisis spiraled. But U.S. stocks plunged as much as 14 percent as the scale of the damage from the April 20 Deepwater Horizon explosion became clear. They have bounced a bit from their lows in recent days. The European sovereign debt mess can be cleaned up. Richer and more solvent countries stand ready to rescue the euro zone’s laggards. If that fails, a sovereign default is possible, and no wildlife or coastlines need be destroyed in the process. Besides, when push comes to shove, belts could be tightened in Greece or any other defaulting European country without much misery. Some more years on the job before retirement and a fewer cruise vacations for pensioners — and in no time the national debt clock slows down, or even stops ticking. Not so with the gash that BP’s failings have opened up on the sea floor. Like a debt clock, a camera shows black crude spewing out into once-pristine waters. Citizens look on helplessly while their government can only fume and prod a corporation to plug the hole with its supposedly sophisticated technology. BP tries, but fails over and over. Each effort marks with abundant clarity the limits of human capability. Nothing can be more damaging to confidence than that.