The CEO of British Petroleum says he believes the overall environmental impact of this oil spill will be very, very modest. Yeah. If you live in England!” – Jay Leno
Note the date of the archival clip Ms. Maddow uses here:
In a cultural retrieval now making the rounds, a BP ‘branding’ piece from 1999.
With libertarianism, (a horrid and irrational pseudo-philosophy,) somewhat the rage in untutored circles these days, the gulf spill has me wondering how the destruction, (er, ‘moral hazard,’) is to be priced. I would offer that BP isn’t going to make the gulf whole, yet from the libertarian perspective, my hope is that the ultimate pricing does come to be embraced by the Randian/Rothbardian tribe.