All welcome in Canada, so don't fret! [more]
The financial consequences are so overwhelming that this subject should be at the heart of political debate everywhere.
... the U.S. Senate rejected the single most important element of Wall Street reform by a vote of 33 to 61. The SAFE Banking Act would have forced the break-up of the nation's six largest banks, and dramatically reduced the political clout of America's financial elite. .... [more]
WASHINGTON — Since the Deepwater Horizon oil drilling rig exploded on April 20, the Obama administration has granted oil and gas companies at least 27 exemptions from doing in-depth environmental studies of oil exploration and production in the Gulf of Mexico. ....
The exemptions, known as “categorical exclusions,” were granted by the Interior Department’s Minerals Management Service (MMS) and included waiving detailed environmental studies for a BP exploration plan to be conducted at a depth of more than 4,000 feet and an Anadarko Petroleum Corp. exploration plan at more 9,000 feet. ....
... killin' ducks, pelicans and krill! Bottom line, though, is:
The energy industry has run out of convenient, high-quality resources to exploit, and is now forced to turn to resources it previously passed over: poor, dirty, difficult, expensive resources such as tar sands, heavy oil, shale, and deep offshore. Under relentless pressure to do more with less, people are likely to try to cut corners wherever possible, and environmental safety is likely to suffer.
An American Chernobyl
C., (... pretty well in full agreement with above harangue!) [more]
... c. 1989:
Once in a while, accidents happen. Are we to ban all oil tankers, because once in a long while, a tanker runs aground? Are we to outlaw all shipping because some ships sink? Are we to prohibit all air flight because once in a while a plane crashes?
The problem, of course, is that environmentalists don't give a tinker's dam about paying for external costs. They have their own agenda, scarcely hidden any more. Look at all their bellyaching about the poor birds, and the sea otters, and the salmon, etc. Look at their whining, too, about the beauty of the pristine blue water now befouled with black or brown oil slicks.
(Well, hell, maybe a coating of black on blue waters provides an interesting new esthetic experience; after all, once you've seen one chunk of blue water, you've seen them all.) The environmentalists are in pursuit of their own perverse and anti-human value-scale, in which every creature, animal, fish, or bird, heck even blue water, ranks higher than the wants and needs of human beings. The environmentalists welcome this trumped up "crisis," because they want to shut down the Alaska pipeline, which supplies a large chunk of domestic American oil; they want to reverse the Industrial Revolution, and get back to pristine "nature," with its chronic starvation, rampant disease, and short, ugly, and brutish life span.
Why Not Feel Sorry for Exxon?