Saturday, June 12, 2010

BP CLASS RAMIFICATIONS


Lots to say about our current Atlantic BP crude oil catastrophe, its national, international, political, economic ramifications and implications, all forecast previously and bearing multiple ripe fruit, many times over.

First, to isolate a few, amongst hundreds, thousands of pertinent facts floating about along with a toxic crude oil cocktail on the high seas.

Independent engineering and scientific sources now revise upwards their previous estimate of BP Gulf crude flow to double, triple, quadruple amounts formerly claimed with NO KNOWN SURE END IN CLEAR SIGHT.

No surprise.

As a reminder, here's something I posted/published on MAY 13, 2010 regarding BP's crude oil CATASTROPHE:

HERE

http://karlmarxwasright2.blogspot.com/2010/05/all-quiet-on-western-front.html

Then, US AND BRITISH LABOR PENSION FUNDS have major stakes in BP, representing a FUNDAMENTAL class contradiction about which I write constantly.
The chickens come home to roost.

BP plays proportionally a larger, more significant role in Britain's economy then here, so, what happens to US BP is a BIG DEAL in Britain!

Advocating BP dividends be denied shareholders, temporarily, FROM THEIR POINT OF VIEW, sets a dangerous precedent, principle and upsets a fundamental balance of POWER RELATIONSHIP WHICH NO major corporation acknowledges AND also implies present and/or future BP insolvency, bankruptcy.

Recriminations flying, blame game, accountability, finger pointing backwards, forwards, up, down, sideways, every which way.

We still have suicidal idiots here advocating continued deep water Gulf oil drilling BECAUSE, say these morons, without it income, jobs and energy are lost.

Excuses about jobs, income and/or energy all are red herrings.
The Atlantic Gulf, say they, provides one third of US oil, although, ascertaining where ALL Gulf oil output goes is not an easy task.
I am not sure IF that statistic encompasses ALL Gulf platforms and their output, or, just some, a few, out of many thousands of wells and millions, billions of gallons of crude extracted from them.
The Gulf is a lake populated by multinational oil and gas platforms, companies and production accountable to no one but themselves, their shareholders, ever greater production, profitability, sales, distribution, etc.
They can do most anything, go most anywhere, send their oil hither, dither and yon.

IF our energy resources and Gulf production were NATIONALIZED, FEDERALIZED we would have more, not less, steady jobs, income, fuel, rationalized resource allocation, LESS DRILLING, reasonable pricing, safety standards, CONTROL, etc.
Those who argue for the hybrid "more government regulation" answer need only NATIONALIZE the industry.

Why lease FEDERAL OFFSHORE WATERS to private corporations in the first place only to regulate them afterwards?
What's the point?

Regulation, by definition, is a cop out, an excuse.
Just like our bogus, alternative, national "public OPTION" medical insurance plan advocated by our collaborative, cooperative Fascist led labor unions to supplant, divert attention and replace NATIONAL, UNIVERSAL SINGLE PAYER medical insurance.
Then, an army of Gulf states petite bourgeoisie jobs and industries find themselves unemployed and/or out of business unexpectedly.

Commercial and recreational fishing, resorts, tourism, restaurants, and a host of others combined, all economically dependent or interdependent upon their more or less pristine sea coast and shores.

They, too, have NO income security and are at odds both with the energy industry, BP AND the government at the moment.

As an aside, our 6 month"temporary moratorium" on deep water drilling happens to coincide with national midterm November elections.

Timing, ploy and posturing no accident.

And, this domestic horror story maintains its global flip side in the Middle East bloodbath and other "emerging privatized markets."
Atlantic Gulf BP, which is the major partner in a consortium, and all other major and some minor corporations are well represented in newly liberated and occupied Iraq and elsewhere.
Noble Energy, one example, is a player BOTH in our Gulf of Mexico and a partner in Israel's offshore gas to be exported, probably, to Europe.
And the contested issue of revised upwards offshore state royalties to Israel which emerged in May is no different in principle from the US Banana Republic.

Not too worry.
If Gulf of Mexico deep water drilling becomes limited, all have LOTS of other places to despoil, desecrate, defile, exploit and rape with impunity in those "emerging markets."
Indeed, an entire planet at their disposal.
I reassert BP will declare bankruptcy and protect themselves from extraordinary liability by siphoning, detaching, spinning off their US section.
Litigation will drag on for centuries.
ONLY ONE ANSWER EXISTS.
FEDERALIZE, MILITARIZE AND COORDINATE OUR NATIONAL EMERGENCY RESPONSE AND SEIZE ALL BP US ASSETS NOW, IMMEDIATELY!
Along with ALL others to follow.

But, since we have a NAZI Dictatorship and an inarticulate CIA bubble and bobble head at the top who says and does nothing without his NAZI handler's directions and a crib sheet and their/his cooperative, enslaved, investment partnered labor unions, such will not happen here.
At least, not until our entire liquid Ocean transforms itself into a sea of gooey, slimy, toxic substance transformed chemically into a dead sea and planet and the US and the rest of the globe's current barbarian NAZI Dictatorships sink into the muck like quicksand.


Instead of ending on this morbidly unhappy note, I decided to add something abit more beautiful and upbeat.
I happened the other day to view a magnificent 2008 German film which one can consider somewhat of an antidote to the repressive, oppressive, decadent, pathological NAZI parasitism, barbarism and LIES represented by ALL above.
So, I thought I would plug the film's title:
"Cherry Blossoms: Hanami" directed and written by Doris Dorrie, available with English subtitles.
I HIGHLY recommend it.
I do not wish to give much away about the plot for those who have not seen it yet.
So, I will say nothing more but provide one
short link and urge people who have not seen it to do so:

HERE

http://www.imdb.com/title/tt0910559/

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