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Skyrocketing Gas Prices: No Day at the Beach…Literally

April 26, 2011

On Friday, the Coast Guard released a report blaming Transocean (the owner of the Deepwater Horizon) for poor maintenance and insufficient training in last year’s Gulf of Mexico disaster. This follows an earlier report written by White House Spill Commission Chief Counsel Fred Bartlit, which concluded that the Deepwater Horizon spill was “an entirely preventable disaster.”

“What the investigation makes clear, above all else, is that management failures, not mechanical failings, were the ultimate source of the disaster,” Mr. Bartlit wrote. “Better management of personnel, risk, and communications…would almost certainly have prevented the blowout. The Macondo disaster was not inevitable.”

Others agreed. BOEMRE’s own experts from the National Academy of Engineers did not support stopping ongoing drilling and characterized the government’s moratorium as being counter-productive to safety.

Yet here we are today with the Obama administration still withholding deep-water drilling permits. Thousands of jobs have been lost in the Gulf and the government (read: the American taxpayer) has lost billions in revenue.

Americans, meanwhile, are paying $4 a gallon for gasoline. Next up: Summer vacations and $5-a-gallon prices.

Does anyone remember paying $1.81 a gallon? That’s what gas cost when President Obama took office in January 2008.

Perhaps someone should tell him we’re headed in the wrong direction.

Jim Adams

Jim Adams
President and CEO, Offshore Marine Service Association


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