13. June 2010 · Comments Off on BP Stock Owners Dine and Ditch · Categories: Environment · Tags: ,

So here we are watching oil leak from the bottom of the gulf, BP stocks falling through the floor and blame-bullets flying all over the place.  I’m wondering if anyone else is thinking what I’m thinking… While BP was pumping oil to the market the investors were all in… you could almost hear the chant… “Make money, make money…” and a few words to anyone pointing out the dangers of deep sea drilling… “Get lost!”

But now that the danger has turned into disaster the investors want to pull out their money and disconnect from the problem. There’s a serious absence of character here. There’s no way the investors don’t look like slimy snakes. Their demand for return on their investments drove everything necessary to create the problem and now they’re ditching before the cleanup bill comes. Talk about dine and ditch…

I think anytime a disaster like this happens the SEC should immediately freeze all shares of the company involved. This way the same investments that drive these risky operations to start with will be held accountable for the disasters they cause. It brings a sense of responsibility to the world of investment which so far has been allowed to run around creating havoc in any way possible without any responsibility for what they do.

So kick BP all you want if it makes you feel better, but if you want to actually fix the problem then give some thought to where you put your money and who you vote for because ultimately, it was everyday Americans that invested in the energy sector (39% of BP stock is American owned) and voted for “free-market” politicians that caused the oil spill in the Gulf.

17. March 2005 · Comments Off on Arctic Drilling · Categories: Environment, Politics · Tags: , ,

The energy industry that conquered America has taken another victim today, a piece of wilderness in Alaska. But more than that, they have taken a piece of dignity from the human race. For two decades the Alaskan National Wildlife Refuge represented a struggle between our obesity and the will to be better human beings. It’s a line that defines us as humans. Do we have the will power to control our consumption or are we too weak to do anything about it? Are we drilling in Alaska now for the same reasons that so many of us are overweight? Are we incapable of controlling ourselves? Can we even keep a simple promise?

Indeed, the refuge is more than a piece of land – it’s a promise that we made to leave it alone. So it doesn’t matter how much the industry tells us how environment-friendly they are or how small the 1002 area is compared to the rest of the refuge, the fact remains that we broke this promise and we broke it because of an addiction to oil. I guess it’s true, junkies can’t keep promises.

What’s especially sad is the way it happened, our addictive consumption of energy has allowed us to become submissive to an industry that controls the very substance we crave… This industry says we need to offset our dependence on foreign oil… This is the very same industry that sent us to war to control foreign oil… It’s the industry that tells us it’s better not to depend on the market-manipulating OPEC producers and yet engineered an energy crises in California for their own profit.

For 20 years a government that reflected the will of the people kept this industry away from exploiting the refuge, preserving and protecting our promise and our integrity. But in recent years our will power has given way to our addiction as we allowed the industry to walk all over us, brushing aside it’s corporate scandals and taking over our government legislation, and almost right after they effectively replaced the will of the people with the will of the industry, they won.

It may only be a small piece of the refuge, and the caribou may survive it, but this defeat is symbolic of something far greater, it represents our willingness to let our addiction compromise our integrity.