Tuesday, June 15, 2010

The BP Valdez - Nothing Has Changed

This is going to be a quick hitter (for me). Here's some video of Rachel Maddow making the point, in no uncertain terms, that oil companies (still) do not know how, nor do they have the technology to stop a spill 5,000 feet below the surface of the ocean. And a reminder that 21 years after the fact Exxon still has not paid the full amount of their fine for the Valdez spill. In fact before dime one was ever paid as compensation to victims of Valdez oil spill 8,000 of the potential recipients died.

There are very good reasons for Obama to force BP to set up a $20 billion dollar escrow account for the financial victims in the Gulf states. It'll be interesting to see how this plays out, especially with the Republicans most beholden to their big oil donors.

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