Wednesday, June 2, 2010

Environmentalists Cause of BP (NYSE:BP) Disaster

Energy Policy:

To save the environment, a senator from Pennsylvania wants to shut off a major source of natural gas. Weren't the roads to the Exxon Valdez and Deepwater Horizon disasters paved with equally good intentions?

Environmentalism did not cause the Deepwater Horizon oil disaster, but it did help make it possible, just as 1989's Exxon Valdez disaster, which the Gulf Oil spill has now eclipsed, was also ironically made possible by a desire to protect the environment.

The original plan when oil was discovered at Prudhoe Bay on Alaska's North Slope was to build a pipeline directly to the northern border of the 48 contiguous states. Groups like the Sierra Club waged a major battle against both the Prudhoe Bay development and the pipeline.

They lost on the drilling but won a small victory in forcing the pipeline to not traverse the continent via a safer land route but to dead end at the port of Valdez, Alaska. The rest, as they say, is history.

Had the oil companies gotten their way, there would have been no tanker to be run aground by its captain on March 24, 1989, causing 10.8 million gallons of crude oil to be dumped into Alaskan waters.

Rest of Story

1 comment:

Advocate General said...

Before anything is done it is approved by the administration. The same administration that took several months of deliberation to increase forces in Afghanistan, six months to pick a dog and has zero experience managing anything. Even his supporters are starting to realize he’s incompetent. So he’s approving everything BP is doing. What a joke! Believe that and I have some ocean front property in Arizona we need to take about. Check out this video that I put together about the oil spill disaster.