Thursday, June 10, 2010

More BP

I continue to track the BP oil spill catastrophe because I think it is the perfect story to absorb much of the coming anger this year. Check out this clip over at The Oil Drum of an interview with Matthew Simmons that I recommend watching.

If BP truly is not getting out the whole story (which appears to be the case from the size of the spill and from the nature of these very large underwater plumes) they are going to be crucified over the coming months and years as the truth leaks out.

4 comments:

David said...

If, as reported, the queen of England is a majority shareholder in BP, this whole story has the potential to morph into mainstreaming all the "anti-Bilderburg, anti-Illuminati, anti-World Banking Conspiracy, One-World-Government (OWG) Conspiracy" conspiracies.

GS IV should shake the foundations under the global elite whose behind-the-scenes de facto OWG has steered things since at least the 18th century. During the post-war period these folks dropped out of the limelight, letting flunkies be fall guys for hated policies that benefit the super-rich hereditary elite, but that firewall is apt to break down, or at least I hope so.

Flagg707 said...

Great point about the possibility of mainstreaming what has heretofore been regarded as "fringe" or "mere conspiracy theory." GSIV should dissolve a lot of things people regard as the foundation stones of social, economic and political life before it is done...

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Stephen said...

The BP Oil spill is the perfect metaphor for the impotence of our government in the coming economic collapse. Everyone is waiting for our government to fix the oil spill, but alas, the king has no clothes. Indeed, the common man will soon realize that our government (including the Fed) is completely useless, and everyone is on their own. Katrina's devastation on New Orleans was the first time that many American's saw their government as completely useless (recall it took over a week before our government was able to mount any response, as rapes and murders were reported from the superdome. Now, the government's complete incompetence has been laid bare for all to see. Moreover, the coming economic "Perfect Storm" is going to hit at a time when people realize no help is coming. Here is my favorite tidbit that reflects the social mood we should anticipate:
Dean Blanchard, aka the Louisiana Shrimp King, is losing millions of dollars because of the oil leak, and he has some sharp words for BP’s CEO Tony Hayward: “He took away everything I love most in the world. I am going to hunt that son of a bitch down like a ‘coon. He wants his life back after all he has done to us? The hell with him.”
According to the UK Guardian, Blanchard’s company accounts for 11% of the US shrimp supply and his only job now is to deliver fuel and water to BP cleanup crews. Mr. Blanchard is itching for a fight, and rightly so. With the media’s focus currently on plugging the leak, how many barrels are actually spewing, and the adverse effects on wildlife, no one is talking about the economic impact.