Thursday, June 10, 2010

BP (NYSE:BP) Needed Says Mary Landrieu

Sen. Mary Landrieu, D-La. said that BP (NYSE:BP) and the oil industry in general is needed in the Gulf region, and Obama needs to quickly shorten the moratorium on drilling in the region before his good intentions permanently wreck the economy.

Landrieu said in a Good Morning America interview, "First of all, the last company that people in the Gulf want to see go bankrupt is BP because we're depending on them to clean up our environment and make our people whole. One of the more important issues... [is] half of our families make their living fishing, the other half of our families make their living in the Gulf drilling for oil and gas that this country desperately needs.

"We have to on the one hand fight to clean our environment and help our fishermen to do what they need to do to stay whole, but we also have to get this moratoria that the administration slapped on without a lot of economic analysis, in my view, get them to shorten it and get these deep wells drilling safely again in the Gulf."

Landrieu is correct, and her idea that there wasn't a lot of economic analysis included in the making the decision is accurate.

That has been the problem with the response to the oil spill from the beginning. There hasn't been a taking in of the many variables related to the situation, and once one decision is made, it has a detrimental impact on other people and areas which haven't been taken into account, or worse, ignored.

In other words, there seems to have been a lack of communication in the administration, or a poor sampling of those experts in various disciplines who need to be brought together to take in the consequences of the various decisions that needed to, and still need to be made.

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