Today's topic at my blog "Resurgence" on BigThink.com:


Obama Gets Billions From BP Without Beating His Chest

I have railed against some of the shortcomings during the BP oil well blowout with great vigor during the past few weeks. I wanted to know why we weren’t getting more accurate measurements on the amount of oil leaking into the Gulf. I wanted to know why we were being shown low definition images of the leak, when higher definition ones obviously existed. I wanted to know why BP was wasting its money trying to tell us how good things were going with an expensive television ad campaign when putting cash on the street was the only tangible way to begin to show the people of the Gulf region the message those ads were trying to convey.

I actually wrote the words “since BP is not financially able to put $20 billion in an escrow account that we can debit as needed for clean-up costs, economic damages, and fines” ten days ago on this very blog because I liked the escrow account idea, but thought it would never fly. And I have been extremely critical of the booming techniques we have continued to rely on for decades that even folks in the oil industry are willing to admit just won’t work.

So I’ve been very impressed with the changes that have occurred over the last few days. I don’t invest a lot of energy in “what if’s?” or “what could we have done differently?” when we are still in the throes of a crisis, especially since the past is unalterable. Arguing over “woulda, coulda, shoulda”, TV pundit style, is the biggest waste of energy in this whole mess.


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