Capping oil spill Liability - New England Patriots Forums

Holy Diver · 05-19-2010, 01:17 PM

Sen. James M. Inhofe (R-Okla.) blocked the effort, saying it would make drilling too expensive for smaller companies. "Big Oil would love to have these caps there so they can shut out all the independents," he said, echoing the argument of Sen. Lisa Murkowski (R-Alaska), who halted an identical move last week.

National: Republican senator blocks higher liability cap on oil spills

Why is it that Most conservatives scream "FREE MARKET" and want unlimited capitalism, and unlimited profits.....but when the $#!t hits the fan, they want limits on liability?

If you are a free market capitalist, you should also have to deal with the downside to such unlimited regulation and profits.

Mrs.PatsFanInVa · 05-19-2010, 01:26 PM

Quote:

Originally Posted by Holy Diver

Sen. James M. Inhofe (R-Okla.) blocked the effort, saying it would make drilling too expensive for smaller companies. "Big Oil would love to have these caps there so they can shut out all the independents," he said, echoing the argument of Sen. Lisa Murkowski (R-Alaska), who halted an identical move last week.

In the 2008 election cycle, Senator Inhofe’s largest campaign donors represented the oil and gas ($446,900 in donations), leadership pacs ($316,720) and electric utilities ($221,654) industries/categories.[48] In 2010, his largest donors represented the oil and gas ($429,950) and electric utilities ($206,654).[49]

Jim Inhofe - Wikipedia, the free encyclopedia

And Murkowski is a major supporter of offshore drilling who has received $426,989 in campaign donations from the oil and gas industry over her eight-year Senate career. Murkowski is the top Republican on the Energy and Natural Resources Committee.

Lisa Murkowski Received $400,000 from Oil and Gas in 8 Years

khayos · 05-19-2010, 01:38 PM

Quote:

Originally Posted by Holy Diver

Sen. James M. Inhofe (R-Okla.) blocked the effort, saying it would make drilling too expensive for smaller companies. "Big Oil would love to have these caps there so they can shut out all the independents," he said, echoing the argument of Sen. Lisa Murkowski (R-Alaska), who halted an identical move last week.

National: Republican senator blocks higher liability cap on oil spills

Why is it that Most conservatives scream "FREE MARKET" and want unlimited capitalism, and unlimited profits.....but when the $#!t hits the fan, they want limits on liability?

If you are a free market capitalist, you should also have to deal with the downside to such unlimited regulation and profits.

Because limits on liability preserve the unlimited profits...

PatsFanInVa · 05-19-2010, 04:19 PM

Everybody repeat after me:

The risks are socialized.

The profits are privatized.

BTW, scream "socialist" at anybody who wants to hold you accountable.

PFnV