On April 20, 2010, an accidental explosion of the Deepwater Horizon BP Oil platform in the Gulf of Mexico, forty-one miles off the southeast coast of Louisiana, killed eleven workers.
The lack of response by the Obama Administration and BP in the days and weeks that followed devastated the areas from Louisiana to Florida, where residents lost wages. They are looking at the destruction of marine life, pollution of beaches and a steep decline in tourism.
The bizarre and inept behavior of BP and the Obama administration left Americans scratching their heads wondering “Why” and “What could possibly be the motivation for blatant inaction on the part of the President which is destroying the Gulf coast?”.
In the seventy-two hours following the explosion, thirteen countries, including Holland, offered help of top experts who knew how to keep the spill from spreading, but the Obama administrated turned down all assistance. According to Geert Visser, Consul General for the Netherlands, he received a letter from the administration saying, ‘Thanks, but no thanks.’” Almost two months later, the Obama administration finally agreed to accept “partial assistance”. This was typical of the Whitehouse response to all who offered help.
BP employs 29,000 Americans who are financially affected by this loss of work. The BP dividend has been suspended for a year, leaving shareholders without quarterly income.
Even more troubling, Obama placed a moratorium on oil drilling that will leave thousands of Americans unemployed, and oil companies looking elsewhere to drill. One of the likely destinations is Brazil, where Obama invested $2 Billion of taxpayers’ money in August of 2009 to the Petrobras, the Brazilian state-own oil company. George Soros has a major financial stake in Petrobras. While Obama thinks Americans should look to windmills and solar panels for energy, he’s promoting deep-sea oil drilling in Brazil.
BP management agreed to pay out at least $20 billion in compensation, citing a 1990 law. In return, BP’s American assets were held as collateral. If BP defaults, it seems that the Obama administration can assume control of BP, creating the desired change from private business to government control.
Some had better luck. Goldman Sachs as well as BP CEO, Tony Hayward, sold millions of shares of BP stock in the weeks preceeding the explosion, avoiding a 36% drop if sale occurred after the spill.
Yes, Americans are scratching their heads wondering why our President’s actions weakens America but aides Brazil and Soros. One thing is clear, Drill Baby Drill, is only true for Brazil.