Why is BP against offshore drilling? This seems like an odd statement in light of today's Washington Post article that reports that BP is currently lobbying against further regulation of offshore drilling.
And you can complain about the media coverage, but there is a lesson that was learned 60 years ago that could be paraphrased right here:
"They first polluted Prince William Sound,
and I didn't speak up because I wasn't a Alaskan.
Then they polluted the Bay of Campeche,
and I didn't speak up because I wasn't a Mexican.
Then they polluted the Gulf of Mexico,
and I didn't speak up because I lived in Maryland.
Then they polluted the Eastern Seaboard
and by that time it was too late to speak up."
I think the media are reminding us that it is high time to speak up.
I agree that its a terrible disaster but it was a disaster that was created by carelessness and could be avoided. Simple economics would tell you why oil companies don't want to open some of the largest oil fields in the world. They already supply enough oil. There is no shortage of oil but further increasing domestic production would make oil less volatile and make it worth less. Why would they want to pump a gallon of oil for less? Their job is to keep oil as expensive as possible for as long as possible and why not sell oil from the gulf at a premium until that reserve is used then move to the next reserve and sell it at a premium instead. It doesn't make sense from a business standpoint for them to seek stabilization in oil prices rather than keep the market as volatile as possible. As much as oil companies have a stranglehold on our government, if you think they honestly have wanted to drill off the east coast, don't you think wells would have been there 50 years ago when they figured out the oil was out there?