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American
Dependance on Oil
Two sides of the argument
Dependence on Oil as a Whole
Dependence on Foreign Oil
Government Involvement
Past
Present
BP's Role
Creation from Destruction
Reasons
Two prior explosions at refineries are attributed to safety and maintenance errors
Policy of not installing safety devices or correcting problems when it costs more to break down than to protect
Responsibility
Irregular Pressure?
Faulty Concrete?
Ignorance?
Oversight?
Economic Push?
The President
Or...
Do We Blame...
The Corporations involved in the Drilling?
Let’s see what happened when we did just that?
Pointed Fingers
The People of the affected areas
BP
Transocean
Halliburton
Volunteers
You...Me
Should there be federal assistance?
Reactions
Positive
BP’s Positive Response
Claims Service-BP Claim Payments Exceed $100 Million
Continued Presence
http://bp.concerts.com/gom/beaches60_062110.htm
Is this enough? Could they ever make it right?
Positive Economic
Forecasted Short Term GDP Growth
In light of recession
Short term GDP lifted at .01%
American disdain for oil drilling
6-month Drilling Moratorium
Negative
$100 Million Payments to Victims
Drilling Moratorium
$20 Billion Relief Fund (BP)
Threat to thousands of species of birds, plants, aquatic mammals, and fish.
Threat to clean-up crews
Coastlines
Increase in price of domestic crude
Increase in price of gasoline
BP devaluation: affects more than just BP, companies partnered, investors, funds, retirees, etc.
Coastal economy
Public Reaction
All out hatred of BP and oil business
Threat to current administration
Public weary of government response
Protection and response
Government
Seen as potential Iraqi War in Obama administration
Backlash Against Obama Camp
Spill initially not believed to be major problem
Slow to react
And now for a history lesson on an energy-independent future...
http://www.thedailyshow.com/watch/wed-june-16-2010/an-energy-independent-future
Blowout Preventer / Back-Up Errors
How Did We Get Here?
Alternative Energy Options
Oil and the Economy
Why Use Theirs When We Have Ours?
Where does the blame lie?
Economic
BP: It was Transocean’s fault.
Transocean: It was Halliburton’s fault.
Halliburton: It was BP’s fault.
Who's job is it to clean the mess?
Long-term threat to growth in Southern areas
Reform
New forms
of energy
By Jon Stewart