Today marks the one-month anniversary of the Gulf oil spill. What are you doing to celebrate? On Tuesday, U.S. Sen James Inhofe, the infamous climate change denier, decided to give BP a $9.925 billion dollar gift by opposing the effort to raise the oil spill liability cap to $10 billion. That sure beats a Starbucks gift card.
Inhofe’s bogus argument (similar to Alaska Sen. Murkowski’s excuse last week) is that increased liability cap would penalize small, mom-and-pop oil companies. (Are there any?)
Wake up Congress!! There shouldn’t be a liability cap at all!! If the oil spill causes damages, then the companies responsible must be forced to pay the entire cost of cleanup. This seems fair and equitable. Our representatives need to start thinking about natural resources and economic damages rather than the welfare of the petroleum industry.