The key about the disaster of the BP oil spill in the Gulf of Mexico is greed and the cozy oil/government relationship existing in the operations of most major oil producers all over the World. The key is the artificially low cost of production that does not take into account environmental problems, accidents and the responsibility that all producers must assume to solve those problems and to maintain and/or reverse the negative and damaging effects of their operations.
This disaster will cost to many countries (not only the United States) more in dollars needed to repair it and recover from it than the full amount of all the oil producers put together might possibly pay to defray the whole damage. In addition, the environmental damage cannot be quantified in dollars and cents, considering that it will wipeout many coastal and marine species and damage for many decades to come the ecosystems involved, not only inside the Gulf but in many areas of the Atlantic Ocean -even as far as Europe- as the Gulf Streem spreads far and wide the crude oil spilled for many more months to come.
Governments should have limited the permits to drill according to the proven capacity of the drilling companies to maintain proper security measures and to devise in advance believable contingency measures to face accidents and damage to the environment. Such stringent measures would have increased considerably the price of extracting oil and the huge oil industry would have faced a lot more competition from alternative, cleaner and less dangerous sources of energy.
The keys to government regulation had long been turned over to the oil companies themselves, but the appaling fact is that oil producing companies do not have the slightest idea of what to do in this and other potential cases because they do not spend their money in planning to avoid disasters.Add a comment Leer más...