The Oil Plundering Act, The Sheehan – Rockwell Affair, and Targeting BP

[Demeter]

Original Article at http://www.opednews.com/articles/genera_melinda__060817_the_oil_plundering_a.htm


--------------------------------------------------------------------------------


The Oil Plundering Act, The Sheehan – Rockwell Affair, and Targeting British Petroleum

By Melinda Pillsbury-Foster



How Lloyd's of London insures against risk: Private investors guarantee the policy, paying off in the event that becomes necessary. You could certainly see how Lloyd's might decide to end coverage in countries which, for this administration, are sitting there like big, succulent chocolates nestled down in their gold box. Certainly the lusting eye of Big Oil is a risk in the world today and it therefore follows that those factors would have to be accounted for by the Lloyd's actuarial specialists.


(T)he largest reserves of oil on American soil are those in Alaska. As we know, these are now shut down due to the condition of the oil pipe line. What I did not know was that for at least the last ten years whistle blowers have been telling everyone in Washington and everywhere else they could think of that the noncorroding chemicals that should have been happily flowing through those pipes, preventing the slip last year of 1,000,000 barrels of oil and the close down this year were never used. One could suppose that the thrift of saving on the cost of the noncorrosive additives seemed like a good idea at the time to those in charge of the pipe line. That was, in care you did not know, British Petroleum. At this point the pipe has corroded to the thickness of 1/100th of an inch. So maybe it was thrift - but my friend had another explanation.

Back to the insurance issue. BP likely has insurance, probably with Lloyd's of London, that immunized them from loss every day the pipeline is not in operation. So they get paid for ignoring the need to add the noncorrosive chemicals. Perhaps the whistle blowers should have been calling Lloyd's, humm? Perhaps Lloyd's should look at the fine print, hoping that there might be a way out. Perhaps they could consult FEMA.

British Petroleum seems to get some amazing deals from government, especially for a foreign corporation.

British Petroleum, who controls the pipeline in Alaska, was the entity who was to have been given the right to drill for oil in the Alaskan Wildlife Preserve as well. I guess we can hope that this latest fiasco ensures that Congress will see that they are not a good choice. Of course, considering the make up of Congress we can not be sure of that either, can we? ...British Petroleum came up just a few moments after these epiphanies when another friend called me and mentioned that they were comparing the solar panels produced by British Petroleum (expensive and inefficient) with another technology (cheap and reliable). Why was I not surprised? After all, for BP to produce an efficient technology would not put money in their pockets... The Administration allows BP to have a sweetheart deal in Alaska and hands them the right to drill in the Alaskan Wildlife Preserve. BP, showing the same good judgment we have come to expect from all government decides not to use the noncorrosive additives knowing full well they will not lose thereby. Their friends in Washington, look for more oil fields, which will also benefit BP.





Authors Website: http://howtheneoconsstolefreedom.blogspot.com

Authors Bio: Melinda Pillsbury-Foster is the author of GREED: The NeoConning of America and A Tour of Old Yosemite. The former is a novel about the lives of the NeoCons with a strong autobiographical component. The latter is a non-fiction book about her father and grandfather. Ms. Pillsbury-Foster has been active in politics since the Goldwater Campaign. She left the Republican Party to join and become active in the Libertarian Party in 1973, working as an activist and party officer until she left the Libertarian Party in 1988. She is also the the founder of the the Arthur C. Pillsbury Foundation (www.acpillsboryfoundation.com)

[IntravenousDemilo]

1. The pipe has corroded to 1/100th of an inch?

If the pipeline were a human blood vessel, that would be an aneurysm waiting to happen. Blammo! Blood Oil everywhere...