The Deeper Crisis
The Washington Post article cited in the previous post illustrates just how intertwined are the worlds of big energy, big finance, and big politics willing to create a national sacrifice zone in the Gulf to protect their reigns. These power brokers including oil state politicians have even demeaned the fishing and tourist industries (renewable and sustainable) as economically insignificant when to compared to the all important petrochemical economy. Their message: BP disaster a fluke, waiting 6 months or longer will create unemployment in oil and related sectors.
Other coverage points out the devastating effects that a single oil catastrophe can have on financial markets and on the lives of people thousands of miles away. For example, pensioners in the UK are heavily vested in British Petroleum stocks — which have lost a third of their value since the Deepwater Horizon explosion 6 weeks ago.
In coming posts we will begin to focus holistically on the structures that create systemic vulnerability. Please join the dialogue.