API threatens economic consequences if offshore drillers are held accountable

  • Posted on: 15 September 2010
  • By: Connor Gibson

Proposed Energy Legislation Could Hurt the American Economy

In typical form, Jack Gerard of the American Petroleum Institute released a video claiming that holding oil companies accountable during offshore drilling operations and after oil spills will have the usual dire economic consequences: job loss, higher taxes, and "driving small-and mid-sized firms out of business and shutting down access to domestic energy resources."

This follows common scare-talk any time an industry giant faces new regulations in the public interest--ballooning the price tag of improving worker safety conditions or environmental precautions and predicting economic apocalypse.  As if the oil industry isn't making enough money, or spending enough money, buying Congress to prevent ever-dreaded accountability legislation.

Keep in mind, Jack, that history shows how frequently cost estimates of environmental regulations are blown way out of proportion beforehand, while it is actually cleanup costs that are grossly underestimated.  Kindly send a memo to BP, Halliburton, and your other members as well on that one.

While Gerard will never admit it, an Energy [R]evolution is possible, and calling out those who value green paper over a green planet is a vital part of getting the public behind real solutions: energy conservation and efficiency, a decentralized renewable energy economy, and a phase-out of the dirty fossil fuels that have led to global warming. 

Stalling and obstructing are not coveted American values, but innovation is.  It's time to go beyond oil, where the fortune of dirty influence peddlars like Jack will just be a stain on history.

Known Associates: 
Industry: 
Company or Organization: