BP ultimatum: Let us drill or funds will dry up

Oil giant BP is telling lawmakers that if it isn't allowed to get new offshore drilling permits in the Gulf, it will not be able to afford to pay for the damage caused by the Deepwater Horizon oil spill, the New York Times reported in its Friday edition.

The Times reports the UK-based oil giant is on the warpath against a drilling reform bill passed by the House earlier this summer that would effectively bar BP from getting new drilling permits in the US.

Webmaster's Commentary: 

In a normal world, where representatives of the people of the country actually determined what when on in the country, this threat would be characterized as "blackmail"; however, because BP has certain "male attributes" they are able to squeeze very forcibly in both the White House and Congress, I would almost bet that BP will get those new offshore drilling permits.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA