Offshore drilling, even in shallow water, is coming to a stop as the entire industry considers the additional political risks of operating amid a political panic in which even the President of United States seems oblivious to the rule of law. We hope BP resists Mr. Obama's demands to put a political actor in control of its Gulf payments—both for the sake of legitimate Gulf claims, and to vindicate the U.S. as a nation that doesn't discard the law for the sake of political retribution.
We also hope other politicians, in the U.S. or U.K., begin to push back against a White House more concerned about its poll numbers than about the U.S. or Gulf Coast economies.
Tuesday, June 15, 2010
Does BP Stand for Back Push?
The White House vs. BP, common sense, and the rule of law.
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