Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

Free
Message: You Have Got To Be Kidding Me!!

Okay Brian, you're too much of a gentlemen to say it, so I will. The US government has no desire to stop the oil disaster (for now....it's a great opportunity to exploit the situation to their advantage).

Reviewing the US government's action (or lack thereof) these past two months, in addition to this week's state of the union address, and the witch hunt Congressional hearings with BP CEO yesterday, I now firmly believe the US government wants to milk this for all it's worth.

The perfect storm has arrived:

1) government agenda (clean energy/oil bashing) will be the poster child for increased spending towards altenative energy (no matter the cost),

2) increased spending will ultimately lead to increased taxation,

3) oil disaster screams for more government control, providing a great opportunity to charge oil companies additional fees, royalties, bond posting, etc.

4) and lastly, as observed in yesterday's Congressional hearings, the US government now has a patsy in BP to pay for ALL losses (beyond clean up costs).

It's sad that the same government effort in trying to lay blame, can't be used in trying to stop the oil flow. Has politics/government reached a new low? Just disgusting.

If not so serious, it was ridiculous watching CNBC yesterday, a red faced Hayward provided the same answer, to the same Congressional questions, as the video feed from the bottom of the Gulf is raging out of control.......just sickening. They were trying to corner BP as the endless payor, as Rome burns......unbelievable.

There should only be one goal right now: stop the oil flow!!

Take care,

Booster

Share
New Message
Please login to post a reply