Who's To Blame For The Gulf Oil Spill?

There has been alot of finger-pointing over who is to blame for the recent crude oil spill and disaster in the Gulf of Mexico. In congressional hearings, Congressmen have sought to pin the blame on BP and other parties involved in the Deepwater Horizon oil drilling project. BP is certainly partially to blame because they are the lessee of the rig and has management responsibility for the drilling project. TransOcean is partially to blame because they own the rig and managed the drilling efforts as the project management. Haliburton might be to blame because it was their cementing process may have been faulty and caused the drill well to fail. And Cameron, the company that made the drill well's blowout preventer, may be to blame because their product is supposed to be the failsafe, last-line-of-defense, to stop the oil flow in the event of a failure further up the well or in the rig.

While any or all of these parties may be partially responsible for this environmental catastrophe, America's thirst for cheap oil is ultimately to blame. As a nation, we are desperate to maintain our current, oil-based way of life. Despite having plenty of natural resources, including energy, Americans continue to consume far in excess of what we can sensibly produce ourselves. Our insatiable thirst for cheap gasoline and oil forces our nation to ignore or downplay the many political, economic and environmental risks associated with finding or producing sufficient supplies of oil. In this particular case, the Deepwater Horizon project was a novel and even revolutionary, but ultimately risky, foray into deeper-than-ever-before off-shore drilling for oil. As evident now, regulators, engineers and risk analysts never considered what they would do if something went seriously wrong with the project. The disaster manifested itself because of a combination of a strong market demand for cheap oil, engineering hubris, lack of regulatory oversight and political near-sightedness.

Our insatiable appetite for cheap crude oil has already cost us dearly economically and politically over the past several decades. Now, we have an environmental catastrophe too.